Conversation with secrets

A-Tier
Journal: RAND Journal of Economics
Year: 2014
Volume: 45
Issue: 2
Pages: 273-302

Score contribution per author:

2.011 = (α=2.01 / 2 authors) × 2.0x A-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

type="main"> <p>We analyze the sustainability of a conversation when one agent might be endowed with a piece of private information that affects the payoff distribution to its benefit. Such a secret can compromise the sustainability of conversation. Even without an obligation, the secret holder will disclose its secret if it prevents preemptive termination of the conversation. The nonsecret holder lacks this possibility and stops the conversation. Competition and limited effectiveness of the conversation amplify this result of early disclosure and render the conversation process less sustainable. We discuss policy and managerial implications for industry standard development and joint ventures.

Technical Details

RePEc Handle
repec:bla:randje:v:45:y:2014:i:2:p:273-302
Journal Field
Industrial Organization
Author Count
2
Added to Database
2026-01-25