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In this paper, I study the model in Morris and Shin (2002) under strategic information transmission constraints between the public authority and private agents in order to investigate how the precision of the public signal affect the quality of the communication. In the model, a central bank...
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victims' (agents) incentive to report crime. The probability of crime and the credibility of reports are endogenously … report credibility can be mitigated by reducing the punishment to a convicted principal or by rewarding lone accusers. …
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way that can be predicted by the credibility of the neologism; and receivers' behavior indicates that they understand …
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Die Europäische Währungsunion bedeutet eine Zäsur: Neben dem US-Dollar entsteht eine zweite große Weltwährung. Neue Spielregeln bilden sich innerhalb der Europäischen Union, aber auch im internationalen Währungssystem heraus. Darin steckt ein erhebliches Konfliktpotential....
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