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A mediator, with no prior information and no control over the market protocol, attempts to redesign the information structure in the market by running an information intermediation mechanism with transfers that first elicits information from an agent, and then discloses information to another...
Persistent link: https://www.econbiz.de/10011865067
Persistent link: https://www.econbiz.de/10012155737
We present a unified duality approach to Bayesian persuasion. The optimal dual variable, interpreted as a price function on the state space, is shown to be a supergradient of the concave closure of the objective function at the prior belief. Strong duality holds when the objective function is...
Persistent link: https://www.econbiz.de/10015135409