This paper studies the effect of disclosing conflicts of interest on strategic communication when the sender has lying costs. I present a simple economic mechanism under which such disclosure often leads to more informative and, at the same time, also to more biased messages. This benefits...

Mit dem Warentransport sind zahlreiche negative externe Effekte verbunden. Aufgrund eines Marktversagens werden zu viele Güter über weite Strecken transportiert. Maßnahmen zur Internalisierung, wie die Einführung von Auflagen, Verboten sowie Steuern, Abgaben und handelbaren Zertifikaten,...

This paper studies the effect of disclosing conflicts of interest on strategic communication when the sender has lying costs. I present a simple economic mechanism under which such disclosure often leads to more informative and, at the same time, also to more biased messages. This benefits...