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This paper explores how governments may efficiently inform the public about an epidemic to induce compliance with their confinement measures. Using an information design framework, we find that governments have an incentive to either downplay or exaggerate the severity of the epidemic if the...
Persistent link: https://www.econbiz.de/10012385240
This paper explores how governments may efficiently inform the public about an epidemic to induce compliance with their confinement measures. Using an information design framework, we find the government has an incentive to either downplay or exaggerate the severity of the epidemic if it heavily...
Persistent link: https://www.econbiz.de/10012425046
This paper explores how governments may efficiently inform the public about an epidemic to induce compliance with their confinement measures. Using an information design framework, we find the government has an incentive to either downplay or exaggerate the severity of the epidemic if it heavily...
Persistent link: https://www.econbiz.de/10012430271
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We consider games in which players search for a hidden prize, and they have asymmetric information about the prize’s location. We study the social payoff in equilibria of these games. We present sufficient conditions for the existence of an equilibrium that yields the first-best payoff (i.e.,...
Persistent link: https://www.econbiz.de/10013292406