We explore the intuitive idea that more information leads to greater dispersion of posterior beliefs about the expected …. Then, for the class of monotone information systems, we characterize the weakest information criteria that respect OS and … states. Because of OS, the information criteria induce the dispersion orders not only on the posterior expectations of states …

unverifiable private information about their costs. We investigate the conditions under which the firms cannot transmit any … information through cheap talk, and show that when these conditions are violated, it may be possible to construct informative …

a seller optimally chooses the costly quality of pre-sale information, next to the price of information and the product … price, and obtain clear-cut predictions on when information is over- and when it is underprovided, even though we find that … information quality does not satisfy a standard single-crossing property. Buyers who are a priori more optimistic about their …

the information lag and apply our approachability strategy to games with one-sided incomplete information and to regret …

of the alternatives and can reveal their information or conceal it, but cannot lie. We examine how disclosure and voting … vary with preference biases, signal precision, and the voting rule. Unanimity rule can lead to greater information … revelation and total utility than simple majority rule. The voting rule that maximizes information disclosure need not coincide …