Showing 1 - 10 of 2,804
It is argued in literature that transparency may be detrimental to welfare. Morris and Shin (2002) suggest reducing the precision of public information or withholding it. The latter seems to be unrealistic. Thus, the issue is not whether central bank should disclose or not its information, but...
Persistent link: https://www.econbiz.de/10011526649
probability in the communication game, and this creates an externality (which can be either positive or negative) for the designer …. The optimal disclosure policy depends on both the communication technology and the correlation between the contestants … sufficiently high. These results are in a stark contrast with the no communication benchmark …
Persistent link: https://www.econbiz.de/10013212098
informative communication in others. Building on these observations, we first identify a novel stylized fact: disclosure …
Persistent link: https://www.econbiz.de/10013210882
Persistent link: https://www.econbiz.de/10010469608
Persistent link: https://www.econbiz.de/10010469694
Persistent link: https://www.econbiz.de/10003826150
investigated in Economics, when the communication channel is perfect. Unlike in Information Theory, both encoder and decoder have … conventional Communication paradigm, which assumes transmitters are of two types: either they have a common goal, or they act as …
Persistent link: https://www.econbiz.de/10012119650
Persistent link: https://www.econbiz.de/10012505025
Persistent link: https://www.econbiz.de/10012592592
Persistent link: https://www.econbiz.de/10015094523