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of the signals (whose release she controls) on the client’s profit estimate. -- Mechanism design ; information disclosure …
Persistent link: https://www.econbiz.de/10003780868
information transmission is possible with unmediated communication. -- Communication ; Information ; Cheap talk ; Mediation …
Persistent link: https://www.econbiz.de/10008906024
information transmission is possible with unmediated communication. -- Communication ; Information ; Cheap talk ; Mediation …
Persistent link: https://www.econbiz.de/10009408044
A partially informed expert, A, strategically transmits information to a principal, P. The residual uncertainty faced … exposure to risks due to A's biased decisions. Better information transmission and the associated insurance benefit thus often … imply P preferring control over delegation, despite A having superior information.Some of our conclusions require showing …
Persistent link: https://www.econbiz.de/10013093424
, higher levels of reputation exacerbate the incentives of biased experts to misreport their private information. Decision … concerned about establishing a reputation for having accurate information. In this environment, the incentive of the expert to … establish a reputation for competence has a non-monotonic effect on the degree of information revelation. An increase in …
Persistent link: https://www.econbiz.de/10013072288
. Consumers are made worse off endogenously when selling reports calls for experts to shuffle more often. With limited field data …
Persistent link: https://www.econbiz.de/10013238861
information transmission is possible with unmediated communication …
Persistent link: https://www.econbiz.de/10014183132
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Persistent link: https://www.econbiz.de/10011504686
In reality, the organizational structure of information — describing how information is transmitted to its recipients … — is as important as its content. In this paper, we introduce families of (indirect) information structures, namely meeting …
Persistent link: https://www.econbiz.de/10012827824