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This paper proposes an equilibrium approach to deception where deception is defined to be the process by which actions … theories compatible with the available information. We illustrate the phenomenon of deception and how reputation concerns may … deception affects standard economic insights through a number of stylized applications including a monitoring game and two …
Persistent link: https://www.econbiz.de/10010738710
importance of deception in warfare, often highlighting the creativity of the generals' strategies. We model both situations as …
Persistent link: https://www.econbiz.de/10009367565
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This paper provides a formal analysis on the investment coordination problem in a vertically separated electricity supply industry, although the analysis may apply also to other network industries. In an electric- ity system, the investment decisions of network and power plants need to be...
Persistent link: https://www.econbiz.de/10010421001
Persistent link: https://www.econbiz.de/10010843324
With cheap talk, more can be achieved by long conversations than by a single message - even when one side is strictly better informed than the other.
Persistent link: https://www.econbiz.de/10005752795
This paper provides a formal analysis on the investment coordination problem in a vertically separated electricity supply industry, although the analysis may apply also to other network industries. In an electricity system, the investment decisions of network and power plants need to be...
Persistent link: https://www.econbiz.de/10010533565
Persistent link: https://www.econbiz.de/10010677884
This paper provides a formal analysis on the investment coordination problem in a vertically separated electricity supply industry, although the analysis may apply also to other network industries. In an electric- ity system, the investment decisions of network and power plants need to be...
Persistent link: https://www.econbiz.de/10010421957