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We study a seller's optimal mechanism for maximizing revenue when a buyer may present evidence relevant to her value. We show that a condition very close to transparency of buyer segments is necessary and sufficient for the optimal mechanism to be deterministic--hence akin to classic third...
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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 …
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-payments, approximate efficiency is achievable in any repeated game with private monitoring and communication, so long as the players can …
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We study the role of communication in repeated games with private monitoring. We first show that without communication … payoffs outside the set ε-CCE. Thus, in our model, communication is necessary for cooperation. …
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This paper studies sequential Bayesian persuasion games with multiple senders. We provide a tractable characterization of equilibrium outcomes. We apply the model to study how the structure of consultations affects information revelation. Adding a sender who moves first cannot reduce...
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