Neeman (2004) and Heifetz and Neeman (2006) have shown that, in auctions with incomplete information about payoffs … parameters. They argue that the set of incomplete-information models satisfying this so-called BDP property (beliefs determine … rich and beliefs are derived by conditioning on the available information; for any agent, this information includes his own …

For an incomplete-information model of public-good provision with interim participation constraints, we show that … small because there are many other agents who have information about them. …

For an incomplete-information model of public-good provision with interim participation constraints, we show that … small because there are many other agents who have information about them. -- surplus extraction ; mechanism design ; BDP … ; informational smallness ; correlated information …

Neeman (2004) and Heifetz and Neeman (2006) have shown that, in auctions with incomplete information about payoffs … parameters. They argue that the set of incomplete-information models satisfying this so-called BDP property ("beliefs determine … rich and beliefs are derived by conditioning on the available information; for any agent, this information includes his own …

Should principals explain and justify their evaluations? In this paper the principal's evaluation is private … information, but she can provide justification by sending a costly cheap-talk message. I show that the principal explains her … evaluation to the agent if the evaluation turns out to be bad. The justification assures the agent that the principal has not …

We consider an economic model of child development with multiple stages. Due to incomplete information, parents are not … able to tailor their investments to their child's type when the child is young. We show that incomplete information weakens …