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This paper studies strategic information transmission in a dynamic environment where, each period, a privately informed expert sends a message and a decision maker takes an action. Our main result is that, in contrast to a static environment, full information revelation is possible. The gradual...
Persistent link: https://www.econbiz.de/10013124963
This paper studies strategic information transmission in a finite-horizon environment where, each period, a privately informed expert sends a message and a decision-maker takes an action. Our main contribution is to show that communication in this dynamic environment is drastically different...
Persistent link: https://www.econbiz.de/10013090512
This paper studies strategic information transmission in a finite horizon environment where, each period, a privately informed expert sends a message and a decision-maker takes an action. We show that communication in this dynamic environment is drastically different from in a one-shot game. Our...
Persistent link: https://www.econbiz.de/10013092285
This paper studies dynamic non-linear taxation in a two-period model without government commitment and a continuum of agents with privately known skill parameters, which are constant overtime. The government is utilitarian but cannot commit at t=1 to the tax scheme that she will propose at t=2....
Persistent link: https://www.econbiz.de/10005085448
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We study the constrained Pareto efficient allocations in a dynamic production economy in which the group that holds political power decides the allocation of resources. We show that Pareto efficient allocations take a quasi-Markovian structure and can be represented recursively as a function of...
Persistent link: https://www.econbiz.de/10009416132
Persistent link: https://www.econbiz.de/10005572862
We study the provision of dynamic incentives to self-interested politicians who control the allocation of resources in the context of the standard neoclassical growth model. Citizens discipline politicians using elections. We show that the need to provide incentives to the politician in power...
Persistent link: https://www.econbiz.de/10005699883
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