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Communication in cournot oligopoly
Goltsman, Maria; Pavlov, Gregory - 2012
information about their costs. We show that cheap talk between the firms cannot transmit any information. However, if the firms …
Persistent link: https://www.econbiz.de/10009633349
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A Simple Classification Model for Debriefing Simulation Games
Peters, Vincent; Vissers, Geert - 2010
Debriefing is an important phase in using simulation games. Participants are invited to make a connection between experiences gained from playing the game and experiences in real-life situations. Thus, debriefing is the phase meant to encourage learning fromthe simulation game. Although design...
Persistent link: https://www.econbiz.de/10014196646
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What Makes a Decision Strategic? Strategic Representations
Csaszar, Felipe A. - 2018
This paper delves into the effects that strategic representations have on firm performance. It does so in four ways. First, it describes different types of representations—internal, external, and distributed—and it points to their pervasiveness in strategy. Second, it presents a framework to...
Persistent link: https://www.econbiz.de/10012907516
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Competing with Asking Prices
Lester, Benjamin - 2013
take his good off the market and trade immediately, though it is understood that a buyer can submit an offer below the …
Persistent link: https://www.econbiz.de/10013087203
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Competing with Asking Prices
Lester, Benjamin - 2013
take his good off the market and trade immediately, though it is understood that a buyer can submit an offer below the …
Persistent link: https://www.econbiz.de/10013087422
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Learning to Collude : A Partial Folk Theorem for Smooth Fictitious Play
Cartea, Álvaro; Chang, Patrick; Penalva, José; … - 2022
We propose an extension to smooth fictitious play and prove that play converges to an ε-Markov perfect equilibrium with probability one in a class of stochastic games known as Markov potential games. We then prove a partial Folk theorem for repeated games under one-period perfect monitoring. We...
Persistent link: https://www.econbiz.de/10014235696
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Persuasion Contest : Disclosing Own and Rival Information
Iyer, Ganesh; Singh, Shubhranshu - 2021
trade-off between disclosing their own positive information and their rival’s negative information. A negative …This paper investigates a contest in information revelation between firms that seek to persuade consumers by revealing … positive own information and negative information about the rival. In the face of limited bandwidth, firms are forced to make a …
Persistent link: https://www.econbiz.de/10013249789
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Voluntary bankruptcy as preemptive persuasion
Dinev, Nikolay - 2017
Bayesian Persuasion with asymmetric information vis-à-vis the judge. This mechanism endogenously results in the reorganization …
Persistent link: https://www.econbiz.de/10011779720
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Information Aggregation in Multidimensional Cheap Talk
Habermacher, Daniel - 2021
interdependence because information about each state affects both decisions. Senders are imperfectly informed and communication … depends on the nature of their information. I first analyse the case in which each sender observes a signal that fully reveals …
Persistent link: https://www.econbiz.de/10013212196
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Selecting the best when selection is hard
Drugov, Mikhail; Meyer, Margaret A.; Möller, Marc - 2022
-to-noise ratio. A close relationship with expected optimal bias under cardinal information helps explain this surprising result …
Persistent link: https://www.econbiz.de/10013362244