We consider a dynamic principal-agent problem, where the sole instrument the principal has to incentivize the agent is the disclosure of information. The principal aims at maximizing the (discounted) number of times the agent chooses the principal's preferred action. We show that there exists an...

We consider a dynamic principal-agent problem, where the sole instrument the principal has to incentivize the agent is the disclosure of information. The principal aims at maximizing the (discounted) number of times the agent chooses the principal's preferred action. We show that there exists an...

Der öffentlich-rechtliche Rundfunk (ÖRR) steht zu Recht in der Kritik. Mit dem technologischen Fortschritt und einem vielfältigen Medienangebot aus öffentlich-rechtlichen und privaten Sendern, dem Internet, diversen Streaming-Diensten und sozialen Medien haben die Rezipienten ihr...

We document the importance of local information in mass media for the political engagement of citizens and accountability of politicians. We study this in the context of Canada, where until 1958, competition in television markets was suppressed-Canadians received either public or private...