Strategic response: A key to understand how cheap talk works
| Autor: | Laurent Muller, Maurice Doyon, Stéphane Bergeron |
|---|---|
| Přispěvatelé: | Université Laval [Québec] (ULaval), Laboratoire d'Economie Appliquée de Grenoble (GAEL), Institut polytechnique de Grenoble - Grenoble Institute of Technology (Grenoble INP )-Centre National de la Recherche Scientifique (CNRS)-Institut National de la Recherche Agronomique (INRA)-Université Grenoble Alpes [2016-2019] (UGA [2016-2019]), Institut polytechnique de Grenoble - Grenoble Institute of Technology (Grenoble INP )-Institut National de la Recherche Agronomique (INRA)-Centre National de la Recherche Scientifique (CNRS)-Université Grenoble Alpes [2016-2019] (UGA [2016-2019]), Institut National de la Recherche Agronomique (INRA), Université Laval, Institut polytechnique de Grenoble - Grenoble Institute of Technology (Grenoble INP)-Institut National de la Recherche Agronomique (INRA)-Centre National de la Recherche Scientifique (CNRS)-Université Grenoble Alpes (UGA) |
| Jazyk: | angličtina |
| Rok vydání: | 2019 |
| Předmět: |
Economics and Econometrics
Global and Planetary Change Ecology media_common.quotation_subject Interpretation (philosophy) 05 social sciences [SHS.ECO]Humanities and Social Sciences/Economics and Finance [SHS]Humanities and Social Sciences Cheap talk Perception 0502 economics and business Key (cryptography) Economics Animal Science and Zoology 050202 agricultural economics & policy 050207 economics Form of the Good Positive economics Agronomy and Crop Science ComputingMilieux_MISCELLANEOUS media_common |
| Zdroj: | Canadian Journal of Agricultural Economics/Revue canadienne d'agroeconomie Canadian Journal of Agricultural Economics/Revue canadienne d'agroeconomie, 2019, 67 (1), pp.75-83. ⟨10.1111/cjag.12182⟩ |
| DOI: | 10.1111/cjag.12182⟩ |
| Popis: | International audience; Experimental protocols testing the effectiveness of cheap talk are numerous but have generated conflicting results. The theoretical interpretation of hypothetical bias as a strategic response according to the perceived consequence could be the missing key to understand these opposite results from the literature. Increasing evidence suggests that this bias rises from subjects’ perception of how stated preferences surveys will be used; some subjects believing that stated valuations can impact the price of the good, while others that it will influence its provision. Subjects strategically respond by adjusting their declared values accordingly. This paper reports experimental findings supporting the presence of strategic response, showing that cheap talk operates by mitigating these behaviors and potentially explaining cheap talk's heterogeneous results.. |
| Databáze: | OpenAIRE |
| Externí odkaz: |
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