to create the perception of opacity. The optimal communication strategy for the central bank is to provide clarity about …

when they ease appreciation pressures. Central bank communication and interest rate steps considerably enhance their …

Organizations design their communication structures to improve decision-making while limiting wasteful influence … activities. An efficient communication protocol grants complete information payoffs to all organization members, thereby … strategies before being consulted. Under these assumptions, "public advocacy" is the unique efficient communication protocol …

We introduce opportunities for pre-play communication and to enter binding or non-binding contracts in trust games, and … find (a) communication increases trusting and trustworthiness, (b) contracts are unnecessary for trusting and trustworthy …

: communication, and punishment (allowing subjects to engage in costly reductions of one another’s earnings after learning of their … contribution decisions). We find that communication increases contributions more than punishment, and, taking into account the cost … of punishment, only communication significantly increases subjects’ earnings and thus efficiency. We study three forms of …

: communication, and punishment (allowing subjects to engage in costly reductions of one another’s earnings after learning of their … contribution decisions). We find that communication increases contributions more than punishment, and, taking into account the cost … of punishment, only communication significantly increases subjects’ earnings and thus efficiency. We study three forms of …

-play communication: numerical (tabular) only, and verbal and numerical. We find that either kind of pre-play communication increases … trusting, trustworthiness, or both, in inter-subject comparisons, but that the inclusions of verbal communication generates …