Showing 31 - 40 of 129,100
. Private information is (conditionally) correlated across players, and communication is cheap talk. We show that with two …
Persistent link: https://www.econbiz.de/10012987832
We examine multistage information transmission with voluntary monetary transfer in the framework of Crawford and Sobel (1982). In our model, an informed expert can send messages to an uninformed decision maker more than once, and the uninformed decision maker can pay money to the informed expert...
Persistent link: https://www.econbiz.de/10011671657
We investigate strategic information transmission with communication error, or noise. Our main finding is that adding … it possible to achieve the best payoff that can be obtained by means of any communication device. As in the model without …
Persistent link: https://www.econbiz.de/10011702289
seeks to improve its status quo, aiming at optimal relevance. Explicit coordination through verbal communication parallels … the idea of implicit coordination through focal points. …
Persistent link: https://www.econbiz.de/10011346272
informed senders. Private information is (conditionally) correlated across players, and communication is cheap talk. For the …
Persistent link: https://www.econbiz.de/10014153232
A decision-maker solicits information from two partially informed experts and then makes a choice under uncertainty. The experts can be either moderately or extremely biased relative to the decision-maker, which is their private information. I investigate the incentives of the experts to share...
Persistent link: https://www.econbiz.de/10014093182
probability in the communication game, and this creates an externality (which can be either positive or negative) for the designer …. The optimal disclosure policy depends on both the communication technology and the correlation between the contestants … sufficiently high. These results are in a stark contrast with the no communication benchmark …
Persistent link: https://www.econbiz.de/10013212098
uniqueness and we provide an example where an increase in communication costs can improve communication. As we show, this …'s payoffs in mediated communication …
Persistent link: https://www.econbiz.de/10013115983
Using experimental methods, this paper investigates the limits of communication and leadership in aiding group … coordination in a minimum effort game. Choosing the highest effort is the payoff dominant Nash equilibrium in this game, and … communication and leadership are expected to help in coordinating on such an equilibrium. We consider an environment in which the …
Persistent link: https://www.econbiz.de/10011318403
The paper analyzes the role of the structure of communication - i.e. who is talking with whom - on the choice of … messages, on their credibility and on actual play. We run an experiment in a three-player coordination game with Pareto ranked … analysis of credibility, the subjects should communicate and play the Pareto optimal equilibrium only when communication is …
Persistent link: https://www.econbiz.de/10010418867