Guttman, Ilan; Kremer, Ilan; Skrzypacz, Andrzej - In: American Economic Review 104 (2014) 8, pp. 2400-2420
We examine a dynamic model of voluntary disclosure of multiple pieces of private information. In our model, a manager of a firm who may learn multiple signals over time interacts with a competitive capital market and maximizes payoffs that increase in both period prices. We show (perhaps...