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We develop a theory of conversations. Two agents with different interests take turns choosing the topic of the conversation. Talking about a single topic allows them to delve deeper, making the conversation more informative (or enjoyable). To capture this dynamic, we assume that the marginal...
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We develop a comprehensive measure of the quality of corporate financial communication. Net bad flows (NBF) captures …
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homogeneous beliefs and aligned preferences. The sender wants to implement a proposal and commits to a communication strat- egy …
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