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Persistent link: https://www.econbiz.de/10011419188
constrains their ability to manipulate information. We depart from this literature by introducing a cost to communicate. Our … parties trade off their reporting cost against the effect on the decision. Typically, they never reveal all information. A …
Persistent link: https://www.econbiz.de/10011419483
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evidence. The parties may misrepresent evidence in their favor at a cost. At quilibrium the two parties never testify together …
Persistent link: https://www.econbiz.de/10014198890
constrains their ability to manipulate information. We depart from this literature by introducing a cost to communicate. Our … parties trade off their reporting cost against the effect on the decision. Typically, they never reveal all information. A …
Persistent link: https://www.econbiz.de/10012855755
evidence. The parties may misrepresent evidence in their favor at a cost. At equilibrium the two parties never testify together …
Persistent link: https://www.econbiz.de/10014178338
Two firms produce a good with a horizontal and a vertical characteristic called quality. The difference in the unobservable quality levels determines how the firms share the market. We consider two scenarios: In the first one, firms disclose quality; in the second one, they send costly signals...
Persistent link: https://www.econbiz.de/10013111237
Two firms produce a good with a horizontal and a vertical characteristic called quality. The difference in the unobservable quality levels determines how the firms share the market. We consider two scenarios: in the first one, firms disclose quality; in the second one, they send costly signals...
Persistent link: https://www.econbiz.de/10013113303
conflict. The parties may misrepresent evidence in their favor at a cost. The arbiter is concerned about accuracy and low … cost of testifying is low, the arbiter hears both, for intermediate values one, and for high values no party at all. The …
Persistent link: https://www.econbiz.de/10014052799