Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
5059050 | Economics Letters | 2014 | 4 Pages |
Abstract
We study a model of strategic persuasion based on the theory of cheap talk, in which a better-informed agent manipulates two decision-makers' joint decision on alternative proposals. With the heterogeneity of two decision-makers' value of the outside option, only the decision-maker with the better outside option is critical in determining whether communication is truthful, overselling, or ineffective.
Related Topics
Social Sciences and Humanities
Economics, Econometrics and Finance
Economics and Econometrics
Authors
Jin Yeub Kim, Heung Jin Kwon,