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period, even if no informative communication can be sustained in the stage game. We conclude that repeated interaction can … overcome strategic limits of communication …
Persistent link: https://www.econbiz.de/10012949504
This paper analyzes whether the behavior of potential offenders can be guided by information on the actual detection probability transmitted by the policy maker. It is established that, when viewed as a cheap-talk game, the existence of equilibria with information transmission depends on the...
Persistent link: https://www.econbiz.de/10014174149
This note reconsiders communication between an informed expert and an uninformed decision maker with a strategic … mediator in a discrete Crawford and Sobel (1982) setting. We show that a strategic mediator may improve communication even when … he is biased into the same direction as the expert. The mediator improves communication, however, only if some …
Persistent link: https://www.econbiz.de/10014183132
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 study the intergenerational accumulation of knowledge in an infinite-horizon model of communication. Each in a … equilibria do not exist. This is so both in the case of private communication in which each player only hears the message of his … immediate predecessor, and in the case of public communication, in which each player hears the message of all previous players …
Persistent link: https://www.econbiz.de/10014220427
-play communication: numerical (tabular) only, and verbal and numerical. We find that either kind of pre-play communication increases … trusting, trustworthiness, or both, in inter-subject comparisons, but that the inclusion of verbal communication generates both …
Persistent link: https://www.econbiz.de/10014224260
We ask whether communication can directly substitute for memory in dynastic repeated games in which short lived … by means of communication. When communication is costless and messages are sent simultaneously, communication mechanisms … or protocols exist that sustain the same set of equilibrium payoffs as in the standard repeated game. When communication …
Persistent link: https://www.econbiz.de/10014127568
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
This paper studies the problem of information revelation in a multi-stage tournament where the agents' effort in each stage gives rise to a stochastic performance signal privately observed by the principal. The principal controls the agents' effort incentive through the use of a a feedback...
Persistent link: https://www.econbiz.de/10014084853
We consider a Prisoner’s Dilemma model with a pre-play communication stage. Players get a disutility from deceiving …
Persistent link: https://www.econbiz.de/10013309272