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With cheap talk, more can be achieved by long conversations than by a single message - even when one side is strictly better informed than the other.
Persistent link: https://www.econbiz.de/10005752795
A firm must decide whether to launch a new product. A launch implies considerable fixed costs, so the firm would like to assess downstream demand before it decides. We study under which conditions a potential buyer would be willing to reveal his willingness to pay under different pricing...
Persistent link: https://www.econbiz.de/10005652718
Nous présentons une synthèse des principaux modèles de transmission stratégique de l'information. Dans une première … étapes de communication bilatérales et la certification retardée de l'information permettent d'étendre de manière … strategic information transmission. First, we study cheap talk games, i.e., direct communication games in which messages are …
Persistent link: https://www.econbiz.de/10005695685
information about the state. The information transmission occurring in the communication stage is characterized by a strategic …
Persistent link: https://www.econbiz.de/10010738542
Persistent link: https://www.econbiz.de/10011412761
Anchoring is a robust behavioral phenomenon modeled predominantly as a bias in individual judgment. We propose a game-theoretic model that considers players’ beliefs about others’ behavior as a mediator for the effect of the anchor on a player’s choice. The results establish that anchoring...
Persistent link: https://www.econbiz.de/10013191577
Persistent link: https://www.econbiz.de/10011613196
information' assumption. The ad value is characterized by a tractable analytical solution given observed auction parameters. Using … Yahoo! search auction data, we estimate value distributions and study the bidding behavior across product categories. We …
Persistent link: https://www.econbiz.de/10014226863
information' assumption. The ad value is characterized by a tractable analytical solution given observed auction parameters. Using … Yahoo! search auction data, we estimate value distributions and study the bidding behavior across product categories. We …
Persistent link: https://www.econbiz.de/10014228566
. Our model is developed under the 'incomplete information' setting with a general quality scoring rule. We establish … nonparametric estimators. Using Yahoo! search auction data, we estimate value distributions and study the bidding behavior across …
Persistent link: https://www.econbiz.de/10015053799