information about the match value between individual consumers and individual firms (advertisers). Advertisers seek to tailor …

valuation of each agent is private information and changes over time. At the time of contracting every agent privately observes … on the nature of the private information and the valuation process the distortion might increase or decrease over time. …

private information influences aggregate volatility. The maximal aggregate volatility is attained in a noise free information … over actions and states that can arise in equilibrium under any information structure. This tractable characterization …, extending results in Bergemann and Morris [8], can be used to address a wide variety of questions linking information with the …

The set of outcomes that can arise in Bayes Nash equilibria of an incomplete information game where players may have … access to additional signals beyond the given information structure is equivalent to the set of a version of incomplete … information correlated equilibrium which we dub Bayes correlated equilibrium. A game of incomplete information can be decomposed …

bidder learns his true valuation, but the winning bidder's information is truncated from below. As the auction ends, the … winning bidder only has limited information, namely that his valuation is sufficiently high to win the auction. The sequential … constraints of the bidders from interim to posterior constraints. Due to the limited disclosure of information, the participation …

A game of incomplete information can be decomposed into a basic game and an information structure. The basic game … information structure refers to the signals that the players receive in the game. We characterize the set of outcomes that can … arise in Bayes Nash equilibrium if players observe the given information structure but may also observe additional signals …

A game of incomplete information can be decomposed into a basic game and an information structure. The basic game … information structure refers to the signals that the players receive in the game. We characterize the set of outcomes that can … arise in Bayes Nash equilibrium if players observe the given information structure but may also observe additional signals …

We consider a general model of dynamic common agency with symmetric information. We focus on Markov perfect equilibria …

diffusion paths. Improvements are introduced slowly relative to the full information case, while the substitutes are introduced …