We consider a situation in which a decision maker solicits information from two partially informed experts with uncertain biases. Experts’ private information about an underlying state might be conditionally correlated across them. We show that although correlation tightens the conditions on...

This study analyzes the choice to interlock between two competing companies when their privately known marginal costs are correlated. The two rivals are organized into different business models: one delegates its production to a subcontractor, while the other is vertically integrated and carries...