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We study the general problem of information design for a policymaker—a central bank—that communicates its private information (the ``state") to the public. We show that it is optimal for the policymaker to partition the state space into a finite number of ``clusters” and to communicate to...
Persistent link: https://www.econbiz.de/10012181571
This paper examines the phenomenon of management-initiated, court-supervised reorganization of companies in U.S. bankruptcy court. The proposed in-court persuasion mechanism reconciles excessive reorganizations of non-viable companies (and subsequent repeat failures) with management-initiated...
Persistent link: https://www.econbiz.de/10011779720
Governments, central banks, and private organizations frequently face the challenge of convincing their audience to take a specific action. One key choice is whether to send a public message that can coordinate the audience's actions or to rely instead on private messages that may differ across...
Persistent link: https://www.econbiz.de/10014335546
persuasion model further predicts that marriage delays are largest when targeting men alone or jointly with women and smallest … when targeting women alone, predictions that are also confirmed in the data. …
Persistent link: https://www.econbiz.de/10014574277
persuasion model further predicts that marriage delays are largest when targeting men alone or jointly with women and smallest … when targeting women alone, predictions that are also confirmed in the data. …
Persistent link: https://www.econbiz.de/10014543843
. We characterize the competitive equilibrium in the media markets and investigate the role of targeting for the price and … allocation of advertisements across media markets. An increase in the targeting ability leads to an increase in the total number … of purchases (matches), and hence in the social value of advertisements. Yet, an improved targeting ability also …
Persistent link: https://www.econbiz.de/10008540613
competitive equilibrium in the media markets and evaluate the implications of targeting in advertising markets. An increase in the … targeting ability leads to an increase in the total number of purchases (matches), and hence in the social value of advertising …. Yet, an improved targeting ability also increases the concentration of firms advertising in each market. Surprisingly, we …
Persistent link: https://www.econbiz.de/10008490303
competitive equilibrium in the media markets and evaluate the implications of targeting in advertising markets. An increase in the … targeting ability leads to an increase in the total number of purchases (matches), and hence in the social value of advertising …. Yet, an improved targeting ability also increases the concentration of firms advertising in each market. Surprisingly, we …
Persistent link: https://www.econbiz.de/10008607505
We develop a model of data pricing and targeted advertising. A monopolistic data provider determines the price to access "cookies," i.e., informative signals about individual consumers' preferences. The demand for information is generated by advertisers who seek to tailor their spending to the...
Persistent link: https://www.econbiz.de/10010895666
We analyze data pricing and targeted advertising. Advertisers seek to tailor their spending to the value of each consumer. A monopolistic data provider sells cookies. informative signals about individual consumers' preferences. We characterize the set of consumers targeted by the advertisers and...
Persistent link: https://www.econbiz.de/10010895683