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On information aggregation and interim efficiency in networks

Jiménez-Martínez, Antonio - In: Games 8 (2017) 1, pp. 1-14

This paper considers a population of agents that are engaged in a listening network. The agents wish to match their … neighbors in the network. I derive a closed expression for the (interim) social welfare loss that depends on the initial … information structure and on the possible pieces of information that can be gathered under the network. Then, I explore how …

Persistent link: https://www.econbiz.de/10011621465

Power and the Privilege of Clarity : An Analysis of Bargaining Power and Information Transmission

Groot Ruiz, Adrian de; Offerman, Theo; Onderstal, Sander - 2012

People in inferior bargaining positions are often vaguer when they express their preferences. In this paper, we explain how power shapes clarity of communication. We analyze information transmission in a cheap talk bargaining game between an informed Sender and an uninformed Receiver. Our main...

Persistent link: https://www.econbiz.de/10014184653

Information Transmission within Federal Fiscal Architectures : Theory and Evidence

Dreher, Axel; Gehring, Kai; Kotsogiannēs, Chrēstos; … - 2016

This paper explores the role of information transmission and misaligned interests across levels of government in explaining variation in the degree of decentralization across countries. Within a two-sided incomplete information principal-agent framework, it analyzes two alternative...

Persistent link: https://www.econbiz.de/10014153753

Robust Information Transmission

Dilmé, Francesc - 2022

This paper investigates robust information transmission between a sender and a receiver in the Crawford and Sobel (1982) model. We characterize behavior that remains equilibrium behavior independently of the form of a small communication cost. Under standard conditions, we find that an...

Persistent link: https://www.econbiz.de/10014076683

Information Orders in Screening Problems

Asseyer, Andreas - 2022

This paper studies information orders in screening models with quasilinear preferences. I amend a general screening problem with a public signal about the agent's type and provide robust rankings of signals from the principal's perspective. The principal prefers one signal to another for any...

Persistent link: https://www.econbiz.de/10014078440

Endogenous Information and Central Bank Transparency

Tamura, Wataru - 2015

This paper studies monetary policy under discretion when the central bank ex ante determines information to be acquired and made public. In a general setting, wherein a monetary instrument signals the central bank's private information, I show that an optimal information policy comprises the...

Persistent link: https://www.econbiz.de/10013026571

Strategic Communication with a Small Conflict of Interest

Dilmé, Francesc - 2019

This paper provides a complete first-order characterization of equilibrium behavior in the general version of the Crawford and Sobel (1982)'s model when the conflict of interest is small. This exercise allows us to deepen our understanding of how a state-dependent bias and a non-uniform...

Persistent link: https://www.econbiz.de/10012893298

Assortative Information Disclosure

Kolotilin, Anton; Wolitzky, Alexander - 2020

We consider a standard persuasion problem in which the receiver’s action and the state of the world are both one-dimensional. Fully characterizing optimal signals when utilities are non-linear is a daunting task. Instead, we develop a general approach to understanding a key qualitative...

Persistent link: https://www.econbiz.de/10014031929

A Comparison of Reputation, Certification, Warranties, and Information Disclosure as Remedies for Information Asymmetries : Lessons from the On-Line Comic Book Market

Ederington, Louis H.; Dewally, Michaël - 2014

Signaling strategies which sellers of high quality securities, goods, or services employ to differentiate their securities or products from those of lower quality include: (1) developing a reputation for high quality, (2) certification by a respected third party (e.g., underwriters, bond rating...

Persistent link: https://www.econbiz.de/10014032462

Information (in) Chains : Information Transmission Through Production Chains

Areosa, Waldyr Dutra - 2012

How does the sensitivity of prices to public information changes along a production chain? We examine this question in a setting where prices in a stage affect the cost of next stage firms and also contain information about the unobserved state of the economy. Our results depend on the...

Persistent link: https://www.econbiz.de/10013102333