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Depending on the context at hand, people's preference for receiving feedback might differ. Especially in allocation decisions that directly concern another individual, feedback from the affected person can have positive or negative value. We study such preferences in a laboratory experiment by...
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multiple markets and repeated interaction, we vary the types of information that firms can exchange. We distinguish between … hard information-verifiable information about past conduct-and soft information- unbinding information about future conduct …. We find that the effect of communication on the firms' ability to collude depends on the type of information available …
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