We develop a theory of conversations. Two agents with different interests take turns choosing the topic of the …

send more informative messages under communication than predicted by the pure strategy equilibria. This finding neither … mixed strategy equilibrium under communication, which strictly outperforms optimal restricted delegation and is relatively …

information acquisition and costless communication. When the agency problem concerning information acquisition is sufficiently … ; Contract ; Communication ; Cheap talk ; Information acquisition …

We here develop a model of pre-play communication that generalizes the cheap-talk approach by allowing players to have … is applied to finite and symmetric two-player games and we establish that honest communication and play of the Pareto …-enforcing. -- efficiency ; communication ; coordination ; honesty ; evolutionary stability …

Organizations design their communication structures to improve decision-making while limiting wasteful influence … activities. An efficient communication protocol grants completeinformation payoffs to all organization members, thereby … strategies before being consulted. Under these assumptions, "public advocacy" is the unique efficient communication protocol …