Showing 1 - 10 of 11
Sender conveys scarce information to a number of receivers to maximize the sum of receiver payoffs. Each receiver’s payoff depends on the state of the world and an action she takes. The optimal action is state contingent. Under mild regularity conditions, we show that the payoff of each...
Persistent link: https://www.econbiz.de/10013297097
Persistent link: https://www.econbiz.de/10011383938
An uninformed sender designs a mechanism that discloses information about her type to a privately informed receiver, who then decides whether to act. I impose a single-crossing assumption, so that the receiver with a higher type is more willing to act. Using a linear programming approach, I...
Persistent link: https://www.econbiz.de/10011856702
We consider a standard persuasion problem in which the receiver’s action and the state of the world are both one-dimensional. Fully characterizing optimal signals when utilities are non-linear is a daunting task. Instead, we develop a general approach to understanding a key qualitative...
Persistent link: https://www.econbiz.de/10014031929
Persistent link: https://www.econbiz.de/10011783242
Persistent link: https://www.econbiz.de/10011583422
Persistent link: https://www.econbiz.de/10011791640
Persistent link: https://www.econbiz.de/10012112046
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
Persistent link: https://www.econbiz.de/10014478071