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We study communication in ambiguous environments. Agents communicate individual decisions sequentially. Based on the signal that an agent receives, she revises her private information. When signals are ambiguous, we show that agents may agree to disagree forever. Although the learning process...
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); Verrecchia (1983); Jung and Kwon (1988); Myers and Majluf (1984); Frantz (1997); Frantz and Instefjord (2006) to the green bond …
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