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Credible communicat...
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Andersson, OlaLund University,Lunds universitet,Uppsala universitet,Nationalekonomiska institutionen,Ekonomihögskolan,Department of Economics,Lund University School of Economics and Management, LUSEM
(author)
Credible communication and cooperation: Experimental evidence from multi-stage Games
- Article/chapterEnglish2012
Publisher, publication year, extent ...
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Elsevier BV,2012
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printrdacarrier
Numbers
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LIBRIS-ID:oai:DiVA.org:uu-458825
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https://urn.kb.se/resolve?urn=urn:nbn:se:uu:diva-458825URI
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https://doi.org/10.1016/j.jebo.2011.10.002DOI
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https://lup.lub.lu.se/record/2172372URI
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Language:English
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Summary in:English
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Subject category:ref swepub-contenttype
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Subject category:art swepub-publicationtype
Notes
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It is well known that communication often serves as a facilitator for cooperation in static games. Yet, communication can serve entirely different purposes in dynamic settings as communication during the game may work as a means for renegotiation, potentially undermining the credibility of cooperative strategies. To explore this issue, this paper experimentally investigates cooperation and non-binding communication in a two-stage game. More specifically, two treatments are considered: one with only pre-play communication and one where subjects can also communicate intra-play between the stages of the game. The results highlight a nontrivial difference concerning the effects of pre-play communication between the two treatments. Sending or receiving pre-play messages has a positive and significant effect on cooperation if there is no possibility of intra-play communication. However, this effect is significantly reduced when when intra-play communication is allowed. The results suggest that the credibility of pre-play messages may depend crucially on future communication opportunities.
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Wengström, ErikLund University,Lunds universitet,Nationalekonomiska institutionen,Ekonomihögskolan,Department of Economics,Lund University School of Economics and Management, LUSEM(Swepub:lu)nek-ewe
(author)
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Uppsala universitetNationalekonomiska institutionen
(creator_code:org_t)
Related titles
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In:Journal of Economic Behavior and Organization: Elsevier BV81:1, s. 207-2190167-26811879-1751
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