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We consider situations in which individuals would like to choose an action which is close to that of others, as well as close to a state of nature, with the ideal proximity to the state varying across agents. Before this coordination game is played, a cheap-talk communication stage is offered to...
Persistent link: https://www.econbiz.de/10010738542
This article asks when communication with certifiable information leads to complete information sharing. We consider Bayesian games augmented by a pre-play communication phase in which announcements are made publicly. We characterize the augmented games in which there exists a full disclosure...
Persistent link: https://www.econbiz.de/10010738802
In this paper, we consider situations in which individuals want to choose an action close to others' actions as well as close to a payoff relevant state of nature with the ideal proximity to the common state varying across the agents. Before this coordination game with heterogeneous preferences...
Persistent link: https://www.econbiz.de/10010930223
We characterize sufficient conditions for full and decentralized disclosure of hard information in organizations with asymmetrically informed and self interested agents with quadratic loss functions. Incentive conflicts arise because agents have different (and possibly interdependent) ideal...
Persistent link: https://www.econbiz.de/10010930240
Based on the work of Chwe (1999, 2000), we study how communication networks influence the diffusion of information and decision making in a class of coordination games under incomplete information. This framework can be used, for example, to analyze the diffusion of a new technology standard...
Persistent link: https://www.econbiz.de/10011020450
In this paper, we consider situations in which individuals want to choose an action close to others' actions as well as close to a payoff relevant state of nature with the ideal proximity to the common state varying across the agents. Before this coordination game with heterogeneous preferences...
Persistent link: https://www.econbiz.de/10011025532
This article asks when communication with certifiable information leads to complete information revelation. We consider Bayesian games augmented by a pre‐play communication phase in which announcements are made publicly. We first characterize the augmented games in which there exists a fully...
Persistent link: https://www.econbiz.de/10011006202
We consider situations in which every agent would like to take an action that is coordinated with those of others, as well as close to a common state of nature, with the ideal proximity to that state varying across agents. Before this coordination game is played, agents decide to whom they...
Persistent link: https://www.econbiz.de/10010637955
Persistent link: https://www.econbiz.de/10007399871
Persistent link: https://www.econbiz.de/10008415548