Monolog vs. dialog in costly bilateral communication

@article{Kofman1996MonologVD,
  title={Monolog vs. dialog in costly bilateral communication},
  author={F. Kofman and James D. Ratliff},
  journal={Journal of Economic Behavior and Organization},
  year={1996},
  volume={31},
  pages={431-443}
}
Abstract We study a two-person team whose members hold private information and whose task is to optimally choose an action for the team when communication is costly. Information exchanges are classified as monologs or dialogs. We characterize the efficient frontier for monolog of decision error versus length of communication using a minimax metric. It can be optimal for one partner to act without communication in some circumstances even though the right to communicate has been paid for. Dialog… Expand
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