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invest in pairwise active communication (speaking) and pairwise passive communication (listening). This leads to a full … that foster communication (especially active communication); and the discrepancy between formal hierarchy and actual …
Persistent link: https://www.econbiz.de/10011673298
We develop a theory of conversations. Two agents with different interests take turns choosing the topic of the …
Persistent link: https://www.econbiz.de/10013543005
send more informative messages under communication than predicted by the pure strategy equilibria. This finding neither … mixed strategy equilibrium under communication, which strictly outperforms optimal restricted delegation and is relatively …
Persistent link: https://www.econbiz.de/10011520494
We analyze delegation of a set of decisions over time by an informed principal to a potentially biased agent. Each period the principal observes a state of the world and sends a “cheap-talk” message to the agent, who is privately informed about her bias. We focus on principal-optimal...
Persistent link: https://www.econbiz.de/10011609923
We enrich a cheap-talk game between an informed sender and an uninformed receiver by adding repeated interactions and voluntary transfer payments. Transfers play two roles here: they motivate the receiver's decision-making and signal the sender's information. Although full separation can always...
Persistent link: https://www.econbiz.de/10012926233
This paper studies whether dissemination of private, pre-decision signals about productivity is valuable to the principal when agents work sequentially and observe each other’s effort. The benefit of dissemination is that when productivity states are correlated, each agent’s signal is useful...
Persistent link: https://www.econbiz.de/10014042884
likely model and seeks to communicate it to a decision maker, but cannot prove it. As a result, communication about models is …
Persistent link: https://www.econbiz.de/10013322204
Organizations design their communication structures to improve decision-making while limiting wasteful influence … activities. An efficient communication protocol grants completeinformation payoffs to all organization members, thereby … strategies before being consulted. Under these assumptions, "public advocacy" is the unique efficient communication protocol …
Persistent link: https://www.econbiz.de/10013463790
Organizations design their communication structures to improve decision-making while limiting wasteful influence … activities. An efficient communication protocol grants complete information payoffs to all organization members, thereby … strategies before being consulted. Under these assumptions, “public advocacy” is the unique efficient communication protocol …
Persistent link: https://www.econbiz.de/10014238060
We enrich the Crawford and Sobel (1982) model of strategic communication between an informed sender and an uninformed …
Persistent link: https://www.econbiz.de/10013015710