information on the value of the IV. This leads to violation of the exclusion restriction. We analyze this in a dynamic economic …

We survey the recent literature on the role of information in mechanism design. First, we discuss an emerging … literature on the role of endogenous payoff and strategic information for the design and the efficiency of the mechanism. We … specifically consider information management in the form of acquisition of new information or disclosure of existing information …

information and correlated between them. The principals benchmark their agents against each other by making the same offers in the …

Does information about rampant political corruption increase electoral participation and the support for challenger … parties? Democratic theory assumes that offering more information to voters will enhance electoral accountability. However, if … increased support for challengers and higher political participation. We provide experimental evidence that information about …

We explore how optimal information choices change the predictions of strategic models. When a large number of agents … play a game with strategic complementarity, information choices exhibit complementarity as well: If an agent wants to do … multiple equilibria. In models with substitutability, agents prefer to differentiate their information choices. We use these …

whom to sell at what price. We establish that optimal information structures in an optimal auction exhibit a number of … properties: (i) information structures can be represented by monotone partitions; (ii) the cardinality of each partition is …

investment risk cannot be fully insured with optimal contracts because shocks are private information. We show that the presence …