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This paper studies sequential Bayesian persuasion games with multiple senders. We provide a tractable characterization of equilibrium outcomes. We apply the model to study how the structure of consultations affects information revelation. Adding a sender who moves first cannot reduce...
Persistent link: https://www.econbiz.de/10012902019
We study dynamic bargaining with uncertainty over the buyer's valuation and the seller's outside option. A long-lived seller makes offers to a long-lived buyer whose value is private information. There may exist a short-lived buyer whose value is higher than that of the long-lived buyer. The...
Persistent link: https://www.econbiz.de/10013081626
We consider the impact of job rotation in a directed search model in which firm sizes are endogenously determined and match quality is initially unknown. A large firm benefits from the opportunity of rotating workers so as to partially overcome loss of mismatch. As a result, in the unique...
Persistent link: https://www.econbiz.de/10013090833
We examine used car dealers' roles as intermediaries. We present empirical evidence supporting that cars sold by dealers have higher quality: (1) dealer transaction prices are higher than private market prices and this dealer premium increases in the age of the car as a ratio and is hump-shaped...
Persistent link: https://www.econbiz.de/10012901533
In a multi-sender Bayesian persuasion game, Gentzkow and Kamenica (2016) show that increasing the number of senders cannot decrease the amount of information revealed. They assume: (i) senders reveal information simultaneously, (ii) information can be arbitrarily correlated, and (iii) senders...
Persistent link: https://www.econbiz.de/10012937749
This paper studies sequential Bayesian persuasion games with multiple senders. We provide a tractable characterization of equilibrium outcomes. We apply the model to study how the structure of consultations affects information revelation. Adding a sender who moves first cannot reduce...
Persistent link: https://www.econbiz.de/10012587427
Persistent link: https://www.econbiz.de/10012322403
Persistent link: https://www.econbiz.de/10011960185
Persistent link: https://www.econbiz.de/10012428060
A seller has a fixed number of goods to sell by a deadline. At each time, he posts a regular price and decides whether to hold a flash sale. Over time, buyers privately enter the market and strategically time their purchases. If a buyer does not purchase when she arrives, she can pay an...
Persistent link: https://www.econbiz.de/10012937975