Similar Search Results

Chamley, Christophe; Zhou, Zhen - 2021

This paper studies a coordination game with incomplete information and the option to delay. The delay option enables the agents to observe a binary signal depending on whether the early actions (e.g., investment) surpasses a threshold. The anticipation of information incentivizes agents to wait...

Persistent link: https://www.econbiz.de/10013219112

Information and Liquidity : A Discussion

Rocheteau, Guillaume - 2010

I extend and discuss the model of asset liquidity by Lester, Postlewaite, and Wright (2007, 2008). I consider a model with decentralized trades in which claims on a real and divisible asset serve as means of payment. A recognizability problem is introduced by assuming that the claims on the...

Persistent link: https://www.econbiz.de/10013144529

Internal and External Policy Coordination: a Dynamic Analysis

Capoën, Fabrice; Villa, Pierre - Centre d'études prospectives et d'informations … - 1997

Persistent link: https://www.econbiz.de/10005607351

Public Communication and Information Acquisition

Chahrour, Ryan - 2012

This paper models the tradeoff, perceived by central banks and other public actors, between providing the public with useful information and the risk of overwhelming it with excessive communication. An information authority chooses how many signals to provide regarding an aggregate state and...

Persistent link: https://www.econbiz.de/10013103059

Attention, coordination and bounded recall

Pavan, Alessandro - 2014

I consider a flexible framework of strategic interactions under incomplete information in which, prior to committing their actions (consumption, production, or investment decisions), agents choose the attention to allocate to an arbitrarily large number of information sources about the primitive...

Persistent link: https://www.econbiz.de/10010476378

Distribution-Dependent Value of Money : A Coalition-Proof Approach to Monetary Equilibrium

Kim, Byoung-Ki; Kwon, Ohik; Lee, Suk Won - 2021

We present a simple, finite-state search model to understand how the cross-sectional distribution of money affects its … value. We first document a network effect: the value of a given unit of money is higher when its distribution is even …. This approach is designed to be especially pertinent in the context of private issuance of money, in particular …

Persistent link: https://www.econbiz.de/10013211196

Bergemann, Dirk; Morris, Stephen - 2011

We define a notion of correlated equilibrium for games with incomplete information in a general setting with finite players, finite actions, and finite states, which we call Bayes correlated equilibrium. The set of Bayes correlated equilibria of a fixed incomplete information game equals the set...

Persistent link: https://www.econbiz.de/10014176751

Cost Incentives for Doctors : A Double-Edged Sword

Schottmüller, Christoph - 2012

If doctors take the costs of treatment into account when prescribing medication, their objectives differ from their patients' objectives because the patients are insured. This misalignment of interests hampers communication between patient and doctor. Giving cost incentives to doctors increases...

Persistent link: https://www.econbiz.de/10014177458

On the Role of Pre-Determined Rules for HRM Policies

Dominguez-Martinez, Silvia; Swank, Otto H. - 2011

Using simple game-theoretical models, this paper studies the role of pre-determined rules for HRM policies. We consider a model in which HRM decisions affect employees' self-images and thereby their motivation. We show that in the absence of written rules, managers are too reluctant (1) to...

Persistent link: https://www.econbiz.de/10014185996

Do Liars Believe? Beliefs and Other-Regarding Preferences in the Sender-Receiver Game

Shields, Timothy W.; Sheremeta, Roman M. - 2014

We examine subjects’ behavior in sender-receiver games where there are gains from trade and alignment of interests in one of the two states. We elicit subjects’ beliefs, risk and other-regarding preferences. Our design also allows us to examine the behavior of subjects in both roles, to...

Persistent link: https://www.econbiz.de/10014186417