into categories by value, can be credible even when interests are too opposed to support communication along any single …, thereby precluding any possibility of exaggeration. The communication gains from ordinal cheap talk can be substantial with …

bilateral communication structure, truthful communication arises endogenously only under additional conditions. The model also …

We develop a model of information exchange through communication and investigate its implications for information … to form a costly \textit{communication link} with, incurring the associated cost. After receiving a \textit …{private signal} correlated with the underlying state, they exchange information over the induced \textit{communication network} until …