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Persistent link: https://www.econbiz.de/10003923721
Charness and Dufwenberg (American Economic Review, June 2011, 1211-1237) have recently demonstrated that cheap-talk communication raises efficiency in bilateral contracting situations with adverse selection. We replicate their finding and check its robustness by introducing competition between...
Persistent link: https://www.econbiz.de/10009742591