Cheap talk

Article Abstract:

Most private information sharing in competitive markets is effected through cheap talk which consists of nonbinding messages that influence the listeners' minds. Cheap talk in mixed motive economic interactions, such as bargaining, can lead to meaningful communication of private information in equilibrium. However, game-theorists argue that cheap talk may not always be meaningful and enhance efficiency. Such informal talk offers efficient coordination in pure coordination situations where the message is both self-signaling and self-committing.

Methods, Evaluation, Telecommunications systems, Underground economy, Conversation, Business communication

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'84 Advertising Outlook: CE Talks To the Media Pros

Article Abstract:

Consumer Electronics advertisers have been increasing their advertising expenditures and are expected to continue doing so in 1984. Price and ease of use determine a product's move from the novelty to the mass market. There appear to be two distinct markets, the price oriented and the enthusiast. In general, high end products benefit more from advertising than low end products.

Consumer electronics, Marketing, Quotations, Trends, interview, Advertising (Industry), Magazines, O'Donnell, Jeannie, Keane, Luke, Kane, Bonnie, David, William, Dobbin, Peter, Firestone, Jerry

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Bye bye boffins

Article Abstract:

Australia's skilled workers are leaving for the US and Britain in hopes of making more money. Australia's programmers, analysts, executives, and consultants in some case are doubling their earnings by landing jobs overseas. Recruitment agencies report that Australian companies pay about A$73,448 a year, compared with A$275,000 in Britain and A$170,000 in US.

Australia, High technology industry, Employment, Skilled labor

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