Showing 1 - 10 of 18
Persistent link: https://www.econbiz.de/10012097436
This paper studies sequential Bayesian persuasion games with multiple senders. We provide a tractable characterization of equilibrium outcomes. We apply the model to study how the structure of consultations affects information revelation. Adding a sender who moves first cannot reduce...
Persistent link: https://www.econbiz.de/10012637415
Persistent link: https://www.econbiz.de/10012019666
Persistent link: https://www.econbiz.de/10005146330
Persistent link: https://www.econbiz.de/10005153700
Persistent link: https://www.econbiz.de/10010542535
Constrained efficient provision of an excludable public good is studied in a model where preferences are private information. The provision level is asymptotically deterministic, making it possible to approximate the optimal mechanism with a mechanism that provides a fixed quantity of the good...
Persistent link: https://www.econbiz.de/10010637987
This paper asks whether statistical discrimination is a market failure. I consider the problem for a utilitarian social planner who operates in an environment that can generate statistical discrimination as an equilibrium phenomenon. It is found that there are potential efficiency gains from...
Persistent link: https://www.econbiz.de/10010638011
Persistent link: https://www.econbiz.de/10013389401
This paper studies the optimal provision mechanism for multiple excludable public goods when agents' valuations are private information. For a parametric class of problems with binary valuations, we demonstrate that the optimal mechanism involves bundling if a regularity condition, akin to a...
Persistent link: https://www.econbiz.de/10005710385