This paper is to examine the effect of the receiver pays principle (RPP) on the calling price, social welfare and interconnection charge. A significant trouble with introducing this system in telecommunications pricing is the possibility that the receiving party may refuse to receive a call if...

This paper investigates the possibility of signal jamming in games with multiple informed parties whose interests are conflicting. The possibility that signal jamming occurs in equilibrium depends on the observability of individual signals. Paradoxically, if the receiver can observe individual...

Infinitely repeated interaction between a defendant and a plaintiff can enhance the credibility of cheap talk and improve efficiency in outcomes that would be feasible without cheap talk. The basic driving force is reputation effect. If t he players are concerned about their reputation, cheap...