Showing 81 - 90 of 133,699
Persistent link: https://www.econbiz.de/10012417617
Persistent link: https://www.econbiz.de/10012549341
Persistent link: https://www.econbiz.de/10012654531
Persistent link: https://www.econbiz.de/10012619837
Persistent link: https://www.econbiz.de/10012699079
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
An entrepreneur contracts with a consultant, who is protected by limited liability, to supply information about the state of a project prior to investing in it. For a given level of investment, a good project succeeds with higher probability than a bad one. The entrepreneur makes an upfront...
Persistent link: https://www.econbiz.de/10012932515
Persistent link: https://www.econbiz.de/10011408203
This paper investigates an extended version of Crawford-Sobel's (1982) communication game in which the principal can …-Sobel's most informative equilibrium and optimal delegation. We then study multi-stage communication. This modification results in … truth-telling communication at every stage. Finally, we construct a mechanism in which approximately full information is …
Persistent link: https://www.econbiz.de/10014059602
public information. On this class, we prove that all communication equilibrium payoffs can be obtained without mediator by …
Persistent link: https://www.econbiz.de/10014190281