We examine some of the factors that might influence the quality of information produced in discussion groups on the … finding is that the flow of quality-weighted information within the group is maximized by a regime which front loads the cost … of good quality information, however, benefiting society at large, then the social value of the flow of quality …

In this paper, the authors define belief-free equilibria in two-player games with incomplete information as sequential …

reputation and ethnic conflict is built. Depending on the information structure and the reputation cost of defecting, economic …

background information. We show that the resulting war of attrition game has a unique, symmetric perfect Bayesian equilibrium. We …

information. Over time, agents are privately informed by bids and offers. Investors are segmented into groups that differ with … respect to characteristics determining information quality, including initial infor- mation precision as well as market … \connectivity," the expected frequency of their trading opportunities. Investors with superior information sources attain higher …

information flow across partnerships, we consider the case in which players can issue a “reference letter” to verify at least that …