Many important economic situations can be modelled as dynamic games of incomplete information with strategic complementarities of actions and types. Of special interest is the question of the existence of a perfect Bayesian equilibrium in which actions are monotonic in types. In this paper, we...

We explore when it is optimal for senders to commit to signal structures which induce the receiver to take higher actions when the underlying state is higher and the preferences of the receiver satisfy strategic complementarity conditions. Building on the literature on monotone comparative...

We explore when it is optimal for senders to commit to signal structures which induce the receiver to take higher actions when the underlying state is higher and the preferences of the receiver satisfy strategic complementarity conditions. Building on the literature on monotone comparative...

Many important economic situations can be modelled as dynamic games of incomplete information with strategic complementarities of actions and types. Of special interest is the question of the existence of a perfect Bayesian equilibrium in which actions are monotonic in types. In this paper, we...

In the spirit of von Neumann and Morgenstern (1947), this paper provides an axiomatic representation of information. Under the von Neumann-Morgenstern axioms, along with an additional continuity, indifference to randomization, and a Blackwell informativeness axiom, I show that any ordering over...

We explore Bayesian persuasion environments in which the state and action spaces are ordered, allowing for complementarity between actions and types. Building on the literature on monotone comparative statics, we identify conditions that guarantee that these are optimal among all (possibly...

Many important economic situations can be modeled as dynamic games of incomplete information with strategic complementarities of actions and types. In this paper, we extend the results of Athey (2001) and Reny (2011) from static Bayesian games to dynamic environments, providing conditions that...

This paper explores the connection between rational inattention andthe monotone likelihood ratio property (MLRP). In many economic problems, agents prefer to take a higher action when there is a higher underlying state. It is often assumed that these agents have noisy signals that are strongly...