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This paper analyses in a simple global games framework welfare effects stemming from different communication strategies of public agencies if strategies of agents are complementary to each other: communication can either be fully transparent, or the agency opaquely publishes only its overall...
Persistent link: https://www.econbiz.de/10003747918
Betriebswirtschaftslehre mit den Schwerpunkten Spieltheorie und Mikroökonomik Anbieter, Experten und Verbraucher in Vertrauensgütermärkten …
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This paper applies the theory of relational contracts to make precise the idea that because households are engaged in a …
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importance of antitrust issues as an addition to the theory. -- R&D ; endogenous coalitions ; asymmetric firms …
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