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Persistent link: https://www.econbiz.de/10012876722
This paper studies how the outcome of Bayesian persuasion depends on a sender's information. I study a game in which, prior to the sender's information disclosure, the designer can restrict the most informative signal that the sender can generate. In the binary action case, I consider arbitrary...
Persistent link: https://www.econbiz.de/10011978065
I study the welfare and price implications of consumer privacy. A consumer discloses information to a multi-product seller, which learns about the consumer's preferences, sets prices, and makes product recommendations. While the consumer benefits from accurate product recommendations, the seller...
Persistent link: https://www.econbiz.de/10012022360
Constrained efficient allocation (CE) is characterized in a model of adverse selection and directed search (Guerrieri …
Persistent link: https://www.econbiz.de/10011637416
This paper designs and implements a field experiment that provides students from less advantaged backgrounds with individualized feedback on academic performance during the transition from middle to high school. The intervention reduces the gap between expected and actual performance, as well as...
Persistent link: https://www.econbiz.de/10011662368
Schools that provide higher education often belong to either a merit-based selective system or an open-access less selective system. This paper presents the results of a field experiment that provided Grade 12 students in Chile with tailored information about financial aid and average earnings...
Persistent link: https://www.econbiz.de/10011555700
This paper develops a semiotic-inferential model of verbal communication for incomplete information games: a language is seen as a set of conventional signs that point to types, and the credibility of a message depends on the strategic context. Formally, there is an encoding-decoding step where...
Persistent link: https://www.econbiz.de/10011290062
Online shopping is often guided by search platforms. Consumers type keywords into query boxes, and search platforms … which products appear in search results affects the products consumers discover and ultimately purchase. In this setting, I … study the identification of consumer-welfare changes in response to exogenous changes in search-result lists. I focus on the …
Persistent link: https://www.econbiz.de/10012177984
We quantify the reaction of U.S. equity, bond futures, and exchange rate returns to oil price shocks driven by oil inventory news. Across most sectors, equity prices decrease in response to higher oil prices before the 2007/08 crisis but increase after it. Positive oil price shocks cause a...
Persistent link: https://www.econbiz.de/10012181225
Constrained efficiency is characterized in an asset market, subject to search frictions, where sellers are privately …
Persistent link: https://www.econbiz.de/10012198635