Individuals and two-person teams play a hidden - action trust game with pre - play communication. We replicate previous … results for individuals that non-binding promises increase cooperation rates. But this does not extend to teams. Wh ile teams …

-to-person lending. We show that potential hiddenaction undermines the positive effect of communication on repayment behavior and …

We study the impact of pre-contractual communication on market outcomes when economic relationships are subject to … (first movers) prior to entering the credit relationship. Communication reduces moral hazard (strategic default) and … weaker impact of communication. Borrowers are more likely to renege on repayment promises when they can hide opportunistic …

-known commitment problem by introducing communication. Allowing the upstream firm to chat privately with each downstream firm reduces … total offered quantity from near the Cournot level (observed in the absence of communication) halfway toward the monopoly … bargaining advantage from open communication that all of the gains from monopolizing the market accrue to them. A simple …

Communication has been regarded as one of the most effective devices in promoting team cooperation. But asymmetric … excluding one member from team communication hurts team cooperation: the communicating partners collude in profit allocation … communication sometimes breeds collusion and is detrimental to team efficiency. Here, we present experimental evidence showing that …