strongly to predictable marginal cost changes, as expected from the Mankiw and Reis (2002) Sticky Information Model. We find …

strongly to predictable marginal cost changes, as expected from the Mankiw and Reis (2002) Sticky information model. We find …

What are the value and form of optimal persuasion when information can be generated only slowly? We study this question … in a dynamic model in which a `sender' provides public information over time subject to a graduality constraint, and a … sender's equilibrium value function and information provision. We show that the graduality constraint inhibits information …

the disclosure of information. The principal aims at maximizing the (discounted) number of times the agent chooses the … action and discloses information as a reward in the next period, until either this action becomes statically optimal for the …

consumers' subjective perceptions of the industry level of quality matter, the regulator may make information available to firms … or subsidize their information acquisition. Under what conditions is it desirable to make information available? We show … level of quality from providing information on consumers' actual valuation. …