How do people communicate their intentions before making decisions that affect others? This paper explores this question in a setting where two players must independently choose …
Managers have imperfect information about each other’s willingness to collude and may signal this willingness through direct communication or market actions. Owners offer bonuses …
We study college diversity policies in the presence of local peer effects and pre-college investments. If students are constrained in the side payments they can make within peer …
This paper focuses on sharing of information during the innovation process. Many of the questions raised by the organization of firms and markets for innovation have been analyzed …