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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/10012979703
's ability and decides whether to promote him or not. We embed this problem in a continuous-time model with both hidden action …
Persistent link: https://www.econbiz.de/10013030521
. We are able to produce a global linear convergence guarantee for this approach in the setting of finite time horizon and …
Persistent link: https://www.econbiz.de/10013251559
I examine how the communication incentive of an agent (sender) changes when the prior of the principal (receiver) about the agent's private information becomes more optimistic (in the sense of monotone likelihood ratio dominance). I use the canonical model of strategic communication (Crawford...
Persistent link: https://www.econbiz.de/10014190361
The goal programming (GP) is a well-known approach applied to multi-criteria decision making (M-DM). It has been used in many domains and the literature offers diverse extensions of this procedure. On the other hand, so far, some evident analogies between M-DM under certainty and scenario-based...
Persistent link: https://www.econbiz.de/10012388744
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
Contrary to common practice in selling homes and start-ups, mechanism design theory typically recommends English … (increasing price) over Dutch (decreasing price) auctions. Yet this theory neglects the uncertain investment required to …
Persistent link: https://www.econbiz.de/10012936339
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