the principal at the communication stage affects our results. …

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 …

Human communication in organizations often involves a large amount of gossiping about others. Here we study in an …

which they usually take different positions. Two examples of such structures are communication networks and hierarchies. In … feasible sets in communication networks and compare them with feasible sets arising from hierarchies. …

Human communication in organizations often involves a large amount of gossiping about others. Here we study in an …