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This paper characterizes the class of communication networks for which, in any environment (utilities and beliefs … common and independent beliefs and private values or a bad outcome, we show that if the communication network is 2-connected … directly connected to the designer or indirectly connected to the designer through at least two disjoint paths. We couple …
Persistent link: https://www.econbiz.de/10003795217
-- Mechanism design ; incentives ; Bayesian equilibrium ; communication networks ; encryption ; secure transmission …
Persistent link: https://www.econbiz.de/10009663611
This paper studies a mechanism design model where the players and the designer are nodes in a communication network. We … characterize the communication networks (directed graphs) for which, in any environment (utilities and beliefs), every incentive … implementable on a given communication network, in all environments with either common independent beliefs and private values or a …
Persistent link: https://www.econbiz.de/10011689312
This paper studies a mechanism design model where the players and the designer are nodes in a communication network. We … characterize the communication networks (directed graphs) for which, in any environment (utilities and beliefs), every incentive … on a given communication network, in all environments with either common independent beliefs and private values or a …
Persistent link: https://www.econbiz.de/10014213825
Should principals explain and justify their evaluations? In this paper the principal's evaluation is private information, but she can provide justification by sending a costly cheap-talk message. I show that the principal explains her evaluation to the agent if the evaluation turns out to be...
Persistent link: https://www.econbiz.de/10009569527
Persistent link: https://www.econbiz.de/10011339388
Persistent link: https://www.econbiz.de/10012814201
Persistent link: https://www.econbiz.de/10013555588
other hand the decision makers rely too much on the received information. Moreover, communication as well as payoffs … communication is less biased. In all treatments, however, the messages are more precise than theoretically predicted. …
Persistent link: https://www.econbiz.de/10010260085
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...
Persistent link: https://www.econbiz.de/10012169494