In recent years there has been a growing interest in macro models with heterogeneity in information and complementarity in actions. These models deliver promising positive properties, such as heightened inertia and volatility. But they also raise important normative questions, such as whether the heightened inertia and volatility are socially undesirable, whether there is room for policies that...

We develop an index of competitiveness and cooperativeness that is based on the primitives a normal-form game, i.e., players, strategies payoffs. The relies unique decomposition given game into zero-sum common interest game. decreases in distance to its part increases part. comparative statics our coincide with economic intuition. also supports experimental findings well-known classes games sen...

Available online 19 September 2012 JEL classification: C72 D72 D74

The Bayesian persuasion model studies communication between an informed sender and a receiver with payoff-relevant action, emphasizing the ability of to extract maximal surplus from his informational advantage. In this paper, we study setting multiple senders in which is restricted choosing, at interim stage, one whom interact. Our main result that whenever are uncertain about each other’s pref...

Article history: Received 24 February 2012 Available online 14 October 2013 JEL classification: C72

Article history: Received 14 December 2009 Available online xxxx JEL classification: C72 C91 D03

Article history: Received 28 September 2005 Available online 30 November 2008 JEL classification: C72 C73

Article history: Received 27 February 2012 Available online 4 November 2013 JEL classification: C72 D43 l13

Article history: Received 29 March 2013 Available online 10 February 2014 JEL classification: C72 D83 D85

Article history: Received 3 September 2010 Available online 21 June 2011 JEL classification: C72 D82