Given a game with uncertain payoffs, information design analyzes the extent to which the provision of information alone … can influence the behavior of the players. Information design has a literal interpretation, under which there is a real … information designer who can commit to the choice of the best information structure (from her perspective) for a set of …

Fixing a game with uncertain payoffs, information design identifies the information structure and equilibrium that … maximizes the payoff of an information designer. We show how this perspective unifies existing work, including that on …. Information design has a literal interpretation, under which there is a real information designer who can commit to the choice of …

Fixing a game with uncertain payoffs, information design identifies the information structure and equilibrium that … maximizes the payoff of an information designer. We show how this perspective unifies existing work, including that on …. Information design has a literal interpretation, under which there is a real information designer who can commit to the choice of …

Given a game with uncertain payoffs, information design analyzes the extent to which the provision of information alone … can influence the behavior of the players. Information design has a literal interpretation, under which there is a real … information designer who can commit to the choice of the best information structure (from her perspective) for a set of …

We study a linear interaction model with asymmetric information. We first characterize the linear Bayes Nash … information structure.We use our results in a variety of applications: (i) we study the connections between incomplete information … and strategic interaction, (ii) we explain to what extent payoff environment and information structure of a economy are …

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, can be used to address a wide variety of questions linking information with the …

In an economy of interacting agents with both idiosyncratic and aggregate shocks, we examine how the information … structure determines aggregate volatility. We show that the maximal aggregate volatility is attained in a noise free information … joint distributions over actions and states that can arise in equilibrium under any information structure. This tractable …