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This paper analyses in a simple global games framework welfare effects stemming from different communication strategies of public agencies if strategies of agents are complementary to each other: communication can either be fully transparent, or the agency opaquely publishes only its overall...
Persistent link: https://www.econbiz.de/10010269906
complements, for which case it has been argued that too much transparency might induce agents to neglect their private knowledge. …
Persistent link: https://www.econbiz.de/10010269917
This paper analyses in a simple global games framework welfare effects stemming from different communication strategies of public agencies if strategies of agents are complementary to each other: communication can either be fully transparent, or the agency opaquely publishes only its overall...
Persistent link: https://www.econbiz.de/10005426752
complements, for which case it has been argued that too much transparency might induce agents to neglect their private knowledge. …
Persistent link: https://www.econbiz.de/10005426808
The aim of this paper is to evaluate to what extent more transparency can reduce the occurrence of speculative attacks …. It proposes a survey of the literature about the pros and cons of transparency on the exchange rate market, which is one … of the main pillars of the new international financial architecture. The effects of transparency are shown to be …
Persistent link: https://www.econbiz.de/10004985502
It is argued in literature that transparency may be detrimental to welfare. Morris and Shin (2002) suggest reducing the …
Persistent link: https://www.econbiz.de/10011526649
It is argued in literature that transparency may be detrimental to welfare. Morris and Shin (2002) suggest reducing the …
Persistent link: https://www.econbiz.de/10011496184
signaling incentives under opacity. Our model may also explain the recent trend towards more transparency in monetary policy. …
Persistent link: https://www.econbiz.de/10008746680
We investigate the potential of transparency to influence committee decision-making. We present a model in which career … three levels of transparency under which career concerns are predicted to affect behavior differently, and test the model …'s key predictions in a laboratory experiment. The model's predictions are largely borne out - transparency negatively …
Persistent link: https://www.econbiz.de/10010516456
of moral ideal, we show that the impact of transparency is conditional on the length of the transfer chain and on the … intermediary will embezzle less. Senders react positively to a reduction of the length of the chain but negatively to transparency. …
Persistent link: https://www.econbiz.de/10011475085