Malamud, Semyon; Cieślak, Anna; Schrimpf, Andreas - 2021 - This version: March 3, 2021
We study the general problem of Bayesian persuasion (optimal information design) with continuous actions and continuous … state space in arbitrary dimensions. First, we show that with a finite signal space, the optimal information design is … a Monge-Kantorovich optimal transport problem with an endogenous information transport cost. We use our novel approach …