文章基本信息

标题：Money talks? An experimental investigation of cheap talk and burned money
本地全文：下载
作者：Thomas de Haan ; Theo Offerman ; Randolph Sloof 等
期刊名称：CREED Working Papers / Center for Research in Experimental Economics and Political Decision-Making
出版年度：2015
出版社：Amsterdam
摘要：We experimentally study the strategic transmission of information in a settingwhere both cheap talk and money can be used for communication purposes. The-oretically a large number of equilibria exist side by side, in which senders eitheruse costless messages, money, or a combination of the two. We nd that sendersprefer to communicate through costless messages. Only when the interest disalign-ment between sender and receiver increases, cheap talk tends to break down andhigh sender types start burning money to enhance the credibility of their costlessmessages. A behavioral model due to Kartik (2009) assuming that sellers bear acost of lying ts the data best.
关键词：cheap talk; burning money; lying costs; experiment