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Over-reaction to policy signals, and central bank optimal communication policy

Jalali Naini, Ahmad-Reza; Naderian, Mohammad-Amin - In: Journal of central banking theory and practice 5 (2016) 3, pp. 165-187

Persistent link: https://www.econbiz.de/10011650090

Multistage information transmission with voluntary monetary transfer

Sadakane, Hiroshi - 2017

We examine multistage information transmission with voluntary monetary transfer in the framework of Crawford and Sobel (1982). In our model, an informed expert can send messages to an uninformed decision maker more than once, and the uninformed decision maker can pay money to the informed expert...

Persistent link: https://www.econbiz.de/10011671657

Multistage information transmission with voluntary monetary transfers

Sadakane, Hitoshi - In: Theoretical economics : TE ; an open access journal in … 18 (2023) 1, pp. 267-301

-period communication before the receiver chooses a project. During the communication phase, the sender sends a message in each period, and … than a broad class of other communication protocols (e.g., mediation and arbitration). …

Persistent link: https://www.econbiz.de/10014245419