Showing 11 - 20 of 387
Persistent link: https://www.econbiz.de/10011746465
When is it possible for one person to persuade another to change her action? We consider a symmetric information model where a sender chooses a signal to reveal to a receiver, who then takes a noncontractible action that affects the welfare of both players. We derive necessary and sufficient...
Persistent link: https://www.econbiz.de/10009492854
We study the design of informational environments in settings where generating information is costly. We assume that the cost of a signal is proportional to the expected reduction in uncertainty. We show that Kamenica & Gentzkow's (2011) concavification approach to characterizing optimal signals...
Persistent link: https://www.econbiz.de/10010815584
We study newsworthiness in theory and practice. We focus on situations in which a news outlet observes the realization of a state of the world and must decide whether to report the realization to a consumer who pays an opportunity cost to consume the report. The consumer-optimal reporting...
Persistent link: https://www.econbiz.de/10014544790
Persistent link: https://www.econbiz.de/10008345442
Persistent link: https://www.econbiz.de/10009798433
Persistent link: https://www.econbiz.de/10009800402
We study symmetric information games where a number of senders choose what information to communicate. We show that the impact of competition on information revelation is ambiguous in general. We identify a condition on the information environment (i.e., the set of signals available to each...
Persistent link: https://www.econbiz.de/10012461222
Persistent link: https://www.econbiz.de/10014546344
Persistent link: https://www.econbiz.de/10009693756