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A game of incomplete information can be decomposed into a basic game and an information structure. The basic game defines the set of actions, the set of payoff states the payoff functions and the common prior over the payoff states. The information structure refers to the signals that the...
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A monopolist sells informative experiments to heterogeneous buyers. Buyers differ in their prior information, and hence … in their willingness to pay for additional signals. The monopolist can profitably offer a menu of experiments. We show … seller offers at most two experiments, and we derive conditions under which at vs. discriminatory pricing is optimal. …
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A game of incomplete information can be decomposed into a basic game and an information structure. The basic game defines the set of actions, the set of payoff states the payoff functions and the common prior over the payoff states. The information structure refers to the signals that the...
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