A positive relationship between firm size and product diversification is a long-standing stylized fact. However, so far …

example of a "delegation-scheme." Conversely, project aid represents a more "centralized" type of aid. According to the theory …

" consists of unverifiable information and the quality of communication depends on the conflict of interests between the …

This paper sheds new light on the role of communication for cartel formation. Using machine learning to evaluate free …-form chat communication among firms in a laboratory experiment, we identify typical communication patterns for both explicit … sanctions on communication reinforces the direct cartel-deterring effect of sanctions as collusion is more difficult to reach …

The New Trade Theory predicts that international trade lowers prices for consumers and expands the choices available to …

value-maximizers, others are biased towards approval. We focus on the efficient use of scarce information when communication … committees ; committees composition ; communication in committees …

We show that essentially every communication equilibrium of any finite Bayesian game with two players can be …. -- Bayesian game ; cheap talk ; communication equilibrium ; correlated equilibrium ; pre-play communication …

This paper characterizes geometrically the set of all Nash equilibrium payoffs achievable with unmediated communication …

the countries’ authorities, openness, and transparency, consistently with the theory. -- IMF conditionality ; delegation … ; communication ; panel data …