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The Introduction to the Symposium Issue on “Dynamic Contract and Mechanism Design” of the Journal of Economic Theory provides an overview of the dynamic mechanism design literature. We then introduce the papers that are contained in the Symposium issue and finally conclude by discussing...
Persistent link: https://www.econbiz.de/10013018184
I consider a exible framework of strategic interactions under incomplete information in which, prior to committing their actions (consumption, production, or investment decisions), agents choose the attention to allocate to an arbitrarily large number of information sources about the primitive...
Persistent link: https://www.econbiz.de/10011165550
We study information acquisition in a exible framework with strategic complementarity or substitutability in actions and a rich set of externalities that are responsible for possible wedges between the equilibrium and the efficient acquisition of information. First, we relate the (in)efficiency...
Persistent link: https://www.econbiz.de/10010583646
I consider a flexible framework of strategic interactions under incomplete information in which, prior to committing their actions (consumption, production, or investment decisions), agents choose the attention to allocate to an arbitrarily large number of information sources about the primitive...
Persistent link: https://www.econbiz.de/10011335452
We study information acquisition in a flexible framework with strategic complementarity or substitutability in actions and a rich set of externalities that are responsible for possible wedges between the equilibrium and the efficient acquisition of information. First, we relate the...
Persistent link: https://www.econbiz.de/10010352847
We study information acquisition in a flexible framework with strategic complementarity or substitutability in actions and a rich set of externalities that are responsible for possible wedges between the equilibrium and the efficient acquisition of information. First, we relate the...
Persistent link: https://www.econbiz.de/10009632291
I consider a flexible framework of strategic interactions under incomplete information in which, prior to committing their actions (consumption, production, or investment decisions), agents choose the attention to allocate to an arbitrarily large number of information sources about the primitive...
Persistent link: https://www.econbiz.de/10010476378
We study flexible public information design in global games. In addition to receiving public information from the designer, agents are endowed with exogenous private information and must decide whether or not to “attack” a status-quo. The designer does not trust the agents to play favourably...
Persistent link: https://www.econbiz.de/10014349319
We propose a robust solution concept for Bayesian persuasion thataccounts for the Sender's concern that her Bayesian belief about theenvironment---which we call the conjecture---may be false.Specifically, the Sender is uncertain about the exogenous sourcesof information the Receivers may learn...
Persistent link: https://www.econbiz.de/10012843529
How should firms be incentivized to adopt new technologies when the technical merits and spillovers of such technologies are uncertain? We show that, when information is dispersed but exogenous, efficiency can be induced with simple (constant) subsidies. When, instead, firms must also be...
Persistent link: https://www.econbiz.de/10014550306