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Information plays a crucial role in mechanism design problems. A potential complication is that buyers may be inattentive, and so their information may endogenously and flexibly depend on the offered mechanism. I show that it is without loss of generality to consider contour mechanisms, which...
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admits a representation as a randomization over mechanisms consisting of two messages. A small level of uncertainty regarding … the receiver's prior makes the sender more truthful than in the full information benchmark, but as uncertainty increases …
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We propose a model of instrumental belief choice under loss aversion. When new information arrives, an agent is … choice context. …
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