Showing 1 - 10 of 17
Zhang and Zhou (2016) use the concept of Bayesian persuasion due to Kamenica and Gentzkow (2011) to analyze information disclosure in a contest with one-sided asymmetric information. They show that an effort-maximizing designer can manipulate information disclosure to increase expected efforts...
Persistent link: https://www.econbiz.de/10013238186
Persistent link: https://www.econbiz.de/10012607821
Persistent link: https://www.econbiz.de/10012600850
We study a design problem for an effort-maximizing principal in a two-player contest with two dimensions of asymmetry. Players have different skill levels and an information gap exists, as only one player knows the skill difference. The principal has two policy instruments to redress the lack of...
Persistent link: https://www.econbiz.de/10012840836
Persistent link: https://www.econbiz.de/10011976547
Persistent link: https://www.econbiz.de/10011792154
Persistent link: https://www.econbiz.de/10013402132
We study a canonical model of reputation between a long-run player and a sequence of short-run opponents, in which the long-run player is privately informed about an uncertain state that determines the monitoring structure in the reputation game. The long-run player plays a stage-game repeatedly...
Persistent link: https://www.econbiz.de/10012990091
Reputation concerns can discipline agents to take costly effort and generate good outcomes. But what if outcomes are not always observed? We consider a model of reputation with shifting observability, and ask how this affects agents' incentives. We identify a novel and intuitive mechanism by...
Persistent link: https://www.econbiz.de/10012990092
Persistent link: https://www.econbiz.de/10010503460