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This paper investigates optimal communication mechanisms with a two-dimensional policy space and no monetary transfers … design), the optimal communication mechanism never exhibits any pooling and the agent's ideal policies are never chosen …-cooperative design) and enters separately into the agent's utility function, optimal mechanisms under private communication take again …
Persistent link: https://www.econbiz.de/10010751022
This paper characterizes geometrically the set of all Nash equilibrium payoffs achievable with unmediated communication …
Persistent link: https://www.econbiz.de/10010273734
The electronic mail game of Rubinstein (1989) showed that a lack of common knowledge generated by faulty communication …
Persistent link: https://www.econbiz.de/10005751126
communication in coordinating behaviour. …
Persistent link: https://www.econbiz.de/10005762856
One role of monetary policy is to coordinate expectations in the economy and greater transparency of monetary policy may lead to greater coordination. But if transparent
Persistent link: https://www.econbiz.de/10005464053
This paper characterizes geometrically the set of all Nash equilibrium payoffs achievable with unmediated communication …
Persistent link: https://www.econbiz.de/10005181479
communication in coordinating behaviour. …
Persistent link: https://www.econbiz.de/10005147050
Persistent link: https://www.econbiz.de/10012001292
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