Taub, B. (2023) Signal-jamming in the Frequency Domain. Working Paper. University of Glasgow.
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Publisher's URL: https://www.gla.ac.uk/media/Media_910031_smxx.pdf
Abstract
I examine strategic behaviour for a duopoly in a noisy environment. Firms attempt to learn the value of the rival’s privately observed demand shocks via a noisy signal of price, and at the same time firms attempt to obfuscate that signal by producing excess output on the publicly observable signals, that is, they signal jam. In a dynamic setting firms also distort the intertemporal structure of output keyed to the publicly observable demand shock process in order to disguise their private shocks. The net outcome is to radically increase the persistence of output over its full-information value.
| Item Type: | Research Reports or Papers (Working Paper) |
|---|---|
| Additional Information: | Adam Smith Business School Working Paper Series - Paper No. 2023-02 |
| Status: | Published |
| Glasgow Author(s) Enlighten ID: | Taub, Professor Bart |
| Authors: | Taub, B. |
| College/School: | College of Social Sciences > Adam Smith Business School > Economics |
| Publisher: | University of Glasgow |
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