On the Empirical Content of Cheap-Talk Signaling: An Application to Bargaining
On the Empirical Content of Cheap-Talk Signaling: An Application to Bargaining
复制标题
关于便宜话信号的经验内容:在讨价还价中的应用
DOI:
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发表时间:
2019
影响因子:
8.2
通讯作者:
S. Tadelis
中科院分区:
文献类型:
--
作者:
M. Backus;Thomas Blake;S. Tadelis
We outline a framework for the empirical analysis of signaling games based on three features: sorting, incentive compatibility, and beliefs. We apply it to document cheap-talk signaling in the use of round-number offers during negotiations. Using millions of online bargaining interactions, we show that items listed at multiples of $100 receive offers that are 8–12 percent lower but are 15–25 percent more likely to sell, demonstrating the trade-off requisite for incentive compatibility. Those same sellers are more likely to accept a similar offer, and buyers are more likely to investigate their listings, consistent with seller sorting and buyer belief updating.
DOI:
10.1093/restud/rdaa007
发表时间:
2020
期刊:
The Review of Economic Studies
影响因子:
--
作者:
Larsen, Bradley J
通讯作者:
Larsen, Bradley J
影响因子:
5.7
作者:
Loschelder;Stuppi;Trötschel
通讯作者:
Trötschel