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Cheap Talk, Gullibility, and Welfare in an Environmental Taxation Game
Deissenberg, Christophe; Dawid, Herbert; Sevcik, Pavel - 2012
We consider a simple dynamic model of environmental taxation that exhibits time inconsistency. There are two categories of firms, Believers, who take the tax announcements made by the Regulator to face value, and Non-Believers, who perfectly anticipate the Regulator's decisions, albeit at a...
Persistent link: https://www.econbiz.de/10014068677
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Dynamics of information exchange in endogenous social networks
Acemoglu, Daron; Bimpikis, Kostas; Ozdaglar, Asuman E. - 2010
Persistent link: https://www.econbiz.de/10008695798
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Communicative transaction benefits
Kesting, S. - In: Institutions and market economies : the political …, (pp. 322-342). 2007
Persistent link: https://www.econbiz.de/10003611134
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Dynamics of information exchange in endogenous social networks
Acemoglu, Daron; Bimpikis, Kostas; Ozdaglar, Asuman E. - 2010
"We develop a model of information exchange through communication and investigate its implications for information … a costly communication link with incurring the associated cost. After receiving a private signal correlated with the … underlying state, they exchange information over the induced communication network until taking an (irreversible) action. We …
Persistent link: https://www.econbiz.de/10008760649
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Learning from others? : decision rights, strategic communication, and reputational concerns
Swank, Otto H.; Visser, Bauke - In: American economic journal : a journal of the American … 7 (2015) 4, pp. 109-149
Persistent link: https://www.econbiz.de/10011404551
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When does introducing verifiable communication choices improve welfare?
Kakhbod, Ali; Loginova, Uliana - 2021
This paper studies when introducing verifiable communication choices between agents in a cheap-talk benchmark setting … information improvement and (ii) a negative effect arises from crowding out soft communication with costly verifiable … communication. Surprisingly, the final welfare outcome of the two opposing forces depends on the cost structure. If only one party …
Persistent link: https://www.econbiz.de/10013247925
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When Does Introducing Verifiable Communication Choices Improve Welfare?1
Kakhbod, Ali; Loginova, Uliana - 2022
This paper studies when introducing verifiable communication choices between agents in a cheap-talk benchmark setting … information improvement and (ii) a negative effect arises from crowding out soft communication with costly verifiable … communication. Surprisingly, the final welfare outcome of the two opposing forces depends on the cost structure. If only one party …
Persistent link: https://www.econbiz.de/10013293500
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When does introducing verifiable communication choices improve welfare?
Kakhbod, Ali; Loginova, Uliana - In: Journal of economic behavior & organization : JEBO 210 (2023), pp. 139-162
Persistent link: https://www.econbiz.de/10014446662
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Dynamics of Information Exchange in Endogenous Social Networks
Acemoglu, Daron - 2010
We develop a model of information exchange through communication and investigate its implications for information … a costly communication link with incurring the associated cost. After receiving a private signal correlated with the … underlying state, they exchange information over the induced communication network until taking an (irreversible) action. We …
Persistent link: https://www.econbiz.de/10012462246
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Dynamics of Information Exchange in Endogenous Social Networks
Acemoglu, Daron - 2010
We develop a model of information exchange through communication and investigate its implications for information … a costly communication link with incurring the associated cost. After receiving a private signal correlated with the … underlying state, they exchange information over the induced communication network until taking an (irreversible) action. We …
Persistent link: https://www.econbiz.de/10013137601