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insured individuals. Thus, the functioning of social norms depends crucially on information, in particular on what norm … enforcers are able to observe about an insured individual's behavior. Information is also decisive when distinguishing between …
Persistent link: https://www.econbiz.de/10010482983
literature, we find that there is a case where the receiver's prior knowledge enhances the amount of information conveyed via … receiver has imperfect private information of her own, the sender's message provides information about the true state as well … as about the reliability of the receiver's private information. This feature gives rise to the asymmetric response of the …
Persistent link: https://www.econbiz.de/10010332501
This paper analyzes optimal incentive contracts for information acquisition and revelation. A decision maker faces the … problem to design a contract that provides an expert with incentives to acquire and reveal information. We show that it is in … their recommendation is confirmed can be explained by incomplete information about the expert's cost to increase the …
Persistent link: https://www.econbiz.de/10010263103
general, the more the receiver is informed, the less information she can extract from the sender. In fact, when the receiver … is as informed as the sender, no information can be conveyed via cheap talk for an arbitrarily small preference bias …
Persistent link: https://www.econbiz.de/10003921775
literature, we find that there is a case where the receiver's prior knowledge enhances the amount of information conveyed via … the receiver has imperfect private information of her own, the sender's message provides information about the true state … as well as about the reliability of the receiver's private information. This feature gives rise to the asymmetric …
Persistent link: https://www.econbiz.de/10009516783
using a “one principal-two agent” context with real effort. We confirm the theoretical prediction that information …
Persistent link: https://www.econbiz.de/10011389425
communication of the payoff outcomes from past choices. This reflects both direct and indirect action-based information …
Persistent link: https://www.econbiz.de/10012914362
literature, we find that there is a case where the receiver's prior knowledge enhances the amount of information conveyed via … the receiver has imperfect private information of her own, the sender's message provides information about the true state … as well as about the reliability of the receiver's private information. This feature gives rise to the asymmetric …
Persistent link: https://www.econbiz.de/10014171000
communication of the payoff outcomes from past choices. This reflects both direct and indirect action-based information …
Persistent link: https://www.econbiz.de/10014029974
This paper considers a model of strategic information transmission with an imperfectly informed receiver and provides a … signals, we show that no information can be conveyed via cheap talk for an arbitrarily small degree of preference incongruence …
Persistent link: https://www.econbiz.de/10014206893