We investigate strategic information transmission with communication error, or noise. Our main finding is that adding … noise can improve welfare. With quadratic preferences and a uniform type distribution, welfare can be raised for almost … every bias level by introducing a sufficiently small amount of noise. Furthermore, there exists a level of noise that makes …

are also robust to more realistic assumptions such as noise. In this paper, in the context of voluntary contribution games … under noise and what happens when other assumptions such as population homogeneity are relaxed. Second, we investigate the … welfare properties of the mechanism, interpreting noise as a policy instrument, and we use logit dynamic simulations to …

The paper applies spatial econometric techniques to measure the impact of airport noise on the price of single …-family homes in the Zurich Airport area. We exploit a large database of geo-referenced noise measurements to investigate the … reaction of prices to different noise metrics. The particular institutional setting of Zurich Airport, with changing patterns …

This paper analyses the impact of electromagnetic pollution, noise and air pollution on the rent level for the …

bias (systematic mistakes) or noise (unsystematic mistakes). We develop a framework for quantifying the level of noise in … structure for individual expectations. Using data from professional forecasters, we find that the magnitude of noise is large …