Showing 1 - 10 of 416,876
other hand the decision makers rely too much on the received information. Moreover, communication as well as payoffs … communication is less biased. In all treatments, however, the messages are more precise than theoretically predicted. …
Persistent link: https://www.econbiz.de/10010260085
We study communication in a static Cournot duopoly model under the assumption that the firms have unverifiable private … can communicate through a third party, communication can be informative even when it is not substantiated by any … commitment or costly actions. We exhibit a simple mechanism that ensures informative communication and interim Pareto dominates …
Persistent link: https://www.econbiz.de/10009633349
We study experimentally persuasion games in which a sender (e.g., a seller) with private information provides verifiable but potentially vague information (e.g., about the quality of a product) to a receiver (e.g., a buyer). Various theoretical solution concepts such as sequential equilibrium or...
Persistent link: https://www.econbiz.de/10011811807
-reducing trade skirmishes. The DSP is interpreted as an impartial arbitrator that announces its opinion about the state of the world …
Persistent link: https://www.econbiz.de/10014200592
-reducing trade skirmishes. The DSP is interpreted as an impartial arbitrator that announces its opinion about the state of the world …
Persistent link: https://www.econbiz.de/10012712993
Transnational technical standard-setting has grown in prominence in recent years. The World Trade Organization (WTO …
Persistent link: https://www.econbiz.de/10012919294
We compare communication about private information to communication about actions in a one-shot 2-person public good …
Persistent link: https://www.econbiz.de/10014196597
identical for both sender and receiver. Additionally, the sender incurs a communication cost which is increasing in the … applied to the case where communication is costless but preferences diverge. Additionally, we model the competency of the … decreasing in the likelihood of the mistake. When the preferences between players diverge and when there are communication costs …
Persistent link: https://www.econbiz.de/10014204413
We compare communication about private information to communication about actions in a one-shot 2-person public good …
Persistent link: https://www.econbiz.de/10014165459
. Private information is (conditionally) correlated across players, and communication is cheap talk. We show that with two …
Persistent link: https://www.econbiz.de/10012987832