This paper examines the optimal monetary policy and central bank transparency in an economy where firms set prices under informational frictions. The economy is subject to two types of shocks determining the efficient output level and firms' desired mark-ups. To minimize the welfare-reducing...

This paper examines an auction platform in which the monopoly platform maximizes profits by adjusting participation fees and choosing an auction format. The seller has private information on the quality of the good, and each participating buyer receives a private signal about his valuation of...

This paper examines the optimal information design within a Bayesian persuasion setup with multidimensional information. Assuming a linear-quadratic specification, I provide a new approach to the optimal information design by addressing the statistical properties of the receiver's posterior...