Onuchic, Paula; Ray, Debraj - In: Theoretical economics : TE ; an open access journal in … 18 (2023) 4, pp. 1407-1439
A sender sells an object of unknown quality to a receiver who pays his expected value for it. Sender and receiver might hold different priors over quality. The sender commits to a monotone categorization of quality. We characterize the sender's optimal monotone categorization, the optimality of...
