| Article ID | Journal | Published Year | Pages | File Type |
|---|---|---|---|---|
| 5072168 | Games and Economic Behavior | 2011 | 18 Pages |
Abstract
⺠We study whether verbal communication can destroy efficiency. ⺠When communication must be precise, informed players lie and preserve efficiency. ⺠If communication can be vague, informed players use vague messages to avoid lies. ⺠When vague messages are allowed, overcommunication occurs but goes unnoticed.
Related Topics
Social Sciences and Humanities
Economics, Econometrics and Finance
Economics and Econometrics
Authors
Marta Serra-Garcia, Eric van Damme, Jan Potters,