Ravikumar, B.; Riezman, Raymond G.; Zhang, Yuzhe - 2022
transitioned to low cost is private information. We use a mechanism-design approach to induce the industry to reveal its true cost … under public information, (ii) the optimal protection policy is time consistent under public information but not under … private information, (iii) the optimal protection policy can be implemented with minimal information requirements, and (iv) a …