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We study the bilateral exchange of information in the context of linear quadratic games. An information structure is … study the equilibrium use of information in any given sharing network, finding that the extent to which a piece of … information is "public" affects the equilibrium use of it, in line with previous results in the literature. We then study the …
Persistent link: https://www.econbiz.de/10009756291
This paper analyses the effects on economic agents' behaviour of an innovative environmental protection mechanism that the Public Administration of a tourist region may adopt to attract visitors while protecting the environment. On the one hand, the Public Administration sells to the tourists an...
Persistent link: https://www.econbiz.de/10008823899
signals). We interpret our results as revelation principles for information design problems. We apply our characterization to …
Persistent link: https://www.econbiz.de/10011872424
. -- merger ; asymmetric information ; oligopoly ; single crossing …We analyze a Bayesian merger game under two-sided asymmetric information about firm types. We show that the standard …
Persistent link: https://www.econbiz.de/10002202342
This paper introduces a number of game-theoretic tools to model collusive agreements among firms in vertically differentiated markets. I firstly review some classical literature on collusion between two firms producing goods of exogenous different qualities. I then extend the analysis to a...
Persistent link: https://www.econbiz.de/10011660599
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I examine a setting, where an information sender conducts research into a payoff-relevant state variable, and releases … information to agents, who consider joining a coalition. The agents' actions can cause harm by contributing to a public bad. The … sender, who has commitment power, by designing an information mechanism (a set of signals and a probability distribution over …
Persistent link: https://www.econbiz.de/10011660390
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