Larionov, Daniil; Pham, Hien; Yamashita, Takuro; Zhu, … - 2022 - This version: November 15, 2022
We study mechanism design with flexible but costly information acquisition. There is a principal and four or more agents, sharing a common prior over the set of payoff-relevant states. The principal proposes a mechanism to the agents who can then acquire information about the state of the world...
