作者：Lu, Tao
作者单位：University of Connecticut
摘要：Problem definition: When a firm (buyer) outsources the production of a new product/component to a supplier subject to random yield, a major challenge is that the supplier's yield is usually private information. In practice, yield information is often shared via nonbinding communication-for example, a supplier self-assessment report. We examine whether such communication can be truthful and credible. Methodology/results: We analyze a cheap-talk game in which, given a simple contract that specif...
