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Multistage information transmission with voluntary monetary transfers

Sadakane, Hitoshi - In: Theoretical Economics 18 (2023) 1, pp. 267-301

We analyze a cheap-talk model in which an informed sender and an uninformed receiver engage in a finite-period communication before the receiver chooses a project. During the communication phase, the sender sends a message in each period, and the receiver then voluntarily pays money for the...

Persistent link: https://www.econbiz.de/10014537029

Uncertainty-driven cooperation

Cetemen, Doruk; Hwang, Ilwoo; Kaya, Ayça - In: Theoretical Economics 15 (2020) 3, pp. 1023-1058

We consider dynamic team production in the presence of uncertainty. Team members receive interim feedback that depends on both their current effort level and the project's uncertain prospects. In this environment, each member can encourage the others by making them more optimistic about the...

Persistent link: https://www.econbiz.de/10013189023

Bad apples in symmetric repeated games

Sugaya, Takuo; Wolitzky, Alexander - In: Theoretical Economics 18 (2023) 4, pp. 1345-1373

We study large-population repeated games where players are symmetric but not anonymous, so player-specific rewards and punishments are feasible. Players may be commitment types who always take the same action. Even though players are not anonymous, we show that an anti-folk theorem holds when...

Persistent link: https://www.econbiz.de/10014537026

A dynamic model of censorship

Sun, Yiman - In: Theoretical Economics 19 (2024) 1, pp. 29-60

We study the interaction between an agent of uncertain type, whose project gives rise to both good and bad news, and an evaluator who must decide if and when to fire the agent. The agent can hide bad news from the evaluator at some cost, and will do so if this secures her a significant increase...

Persistent link: https://www.econbiz.de/10014537007

Uncertain rationality, depth of reasoning and robustness in games with incomplete information

Germano, Fabrizio; Weinstein, Jonathan; Zuazo-Garin, Peio - In: Theoretical Economics 15 (2020) 1, pp. 89-122

Predictions under common knowledge of payoffs may differ from those under arbitrarily, but finitely, many orders of mutual knowledge; Rubinstein's (1989)Email game is a seminal example. Weinstein and Yildiz (2007) showed that the discontinuity in the example generalizes: for all types with...

Persistent link: https://www.econbiz.de/10012215306

Bergemann, Dirk; Morris, Stephen - In: Theoretical Economics 11 (2016) 2, pp. 487-522

A game of incomplete information can be decomposed into a basic game and an information structure. The basic game defines the set of actions, the set of payoff states the payoff functions and the common prior over the payoff states. The information structure refers to the signals that the...

Persistent link: https://www.econbiz.de/10011599575

Bergemann, Dirk; Morris, Stephen - In: Theoretical Economics (2015)

Persistent link: https://www.econbiz.de/10011264835

Dynamics of strategic information transmission in social networks

Förster, Manuel - In: Theoretical Economics 14 (2019) 1, pp. 253-295

We develop a dynamic framework of strategic information transmission through cheap talk in a social network. Privately informed agents have different preferences about the action to be implemented by each agent and repeatedly communicate with their neighbors in the network. We first characterize...

Persistent link: https://www.econbiz.de/10012215318

Dynamics of information exchange in endogenous social networks

Bimpikis, Kostas; Ozdaglar, Asuman; Acemoglu, Daron - In: Theoretical Economics 9 (2014) 1, pp. 41-97

taking an (irreversible) action. We define \textit{asymptotic learning} as the fraction of agents taking the correct action … converging to one as a society grows large. Under truthful communication, we show that asymptotic learning occurs if (and under … ``information hubs'', which receive and distribute a large amount of information. Asymptotic learning therefore requires information …

Persistent link: https://www.econbiz.de/10011599505

Dynamics of information exchange in endogenous social networks

Bimpikis, Kostas; Ozdaglar, Asuman; Acemoglu, Daron - In: Theoretical Economics 9 (2014) 1

Persistent link: https://www.econbiz.de/10010738405