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We study persuasion mechanisms in linear environments. A privately informed receiver chooses between two actions. A sender designs a persuasion mechanism that can condition the information disclosed to the receiver on the receiver's report about his type. We establish the equivalence of...
Persistent link: https://www.econbiz.de/10012963449
We enrich a cheap-talk game between an informed sender and an uninformed receiver by adding repeated interactions and voluntary transfer payments. Transfers play two roles here: they motivate the receiver's decision-making and signal the sender's information. Although full separation can always...
Persistent link: https://www.econbiz.de/10012926233
At an exogenous deadline, Receiver must take an action, the payoff of which depends on Sender's private binary type. Sender privately observes whether and when an opportunity to start a public flow of information about her type arrives. She then chooses when to seize this opportunity. Starting...
Persistent link: https://www.econbiz.de/10013018732
There are two common ways for a principal to influence the decision making of an agent. One is to manipulate the agent's information (persuasion problem). Another is to limit the agent's decisions (delegation problem). We show that, under general assumptions, these two problems are equivalent;...
Persistent link: https://www.econbiz.de/10012921832
At an exogenous deadline, Receiver takes an action, the payoff from which depends on Sender's private type. Sender privately observes if and when a bombshell arrives. Upon arrival, she chooses when to drop it, which starts a public flow of information about her type. Dropping the bombshell...
Persistent link: https://www.econbiz.de/10012982538
We study a communication game between an informed sender and an uninformed receiver with repeated interactions and voluntary transfers. Transfers motivate the receiver’s decision-making and signal the sender’s information. Although full separation can always be supported in equilibrium,...
Persistent link: https://www.econbiz.de/10014033519
Growing evidence suggests that many social and economic networks are scale free in that their degree distribution has a power-law tail. A common explanation for this phenomenon is a random network formation process with preferential attachment. For a general version of such a process, we develop...
Persistent link: https://www.econbiz.de/10014113086