Apreda, Rodolfo (contributor) - 2002 - [Elektronische Ressource]
would clear up a plausible explanation. Even
among members of the Board of Directors, or in high management tiers, conflicts … boundaries of their common knowledge.
This process leads to the issue of asymmetric information. In fact, let us suppose that …
Picture 1 conveys the main idea. Both agents share some information for sure, as we can see in
the subset of common knowledge …