-hunt type coordination game with two Pareto-ranked equilibria, one payoff dominant and the other risk dominant. The majority of …

-hunt type coordination game with two Pareto-ranked equilibria, one payoff dominant and the other risk dominant. The majority of …

We explore the difference between explicit and tacit collusion by investigating the impact communication has in … largest additional profit from talking. We also find that industries continue to collude successfully after communication is … disabled. Communication supports firms in coordinating on collusive pricing schemes, and it is also used for conflict mediation. …

focus on communication strategy that government uses to communicate private information to the citizens. This communication … execute a communication strategy does affect the efficiency of the equilibrium convergence process and also demonstrate that … subjects playing the role of the government exhibit a great deal of sophistication in the communication strategies they employ …

In a Bertrand-oligopoly experiment, firms choose whether or not to engage in cartel-like communication and, if so, they …

firms. Communication is often abused for explicit agreements and this strongly reduces competition. …

This paper experimentally investigates free-riding behavior on communication cost in a coordination game and finds … strong indications of such free-riding. Firstly, the subjects wait for others to send a message when communication is costly …, which does not happen when communication is costless. Secondly, the proportion of games where no communication or one …