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We extend the model of Cornand and Heinemann (2008, Economic Journal) and examine how to implement partial announcement by selling public information when the agents' action is strategic complements. In a game of information acquisition, there exist multiple equilibria and the partial...
Persistent link: https://www.econbiz.de/10010332402
We consider implementability and the welfare effects of a partial announcement policy using a model of a beauty contest where agents' actions are strategic complements and where their decisions on public information acquisition are endogenous. The following results are obtained: i) if the...
Persistent link: https://www.econbiz.de/10012856822
Persistent link: https://www.econbiz.de/10012655981
We extend the model of Cornand and Heinemann (2008, Economic Journal) and examine how to implement partial announcement by selling public information when the agents' action is strategic complements. In a game of information acquisition, there exist multiple equilibria and the partial...
Persistent link: https://www.econbiz.de/10010731958
We consider implementability and the welfare effects of a partial announcement policy using a model of a beauty contest where agentsf actions are strategic complements and where their decisions on public information acquisition are endogenous. The following results are obtained: i) if the...
Persistent link: https://www.econbiz.de/10010766385
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