We study persuasion mechanisms in linear environments. A privately informed receiver chooses between two actions. A sender designs a persuasion mechanism that can condition the information disclosed to the receiver on the receiver's report about his type. We establish the equivalence of...

The relevant disclosure policies in China are late and weakly binding in comparison to developed capital markets like the US, which have systematic and mandatory patent disclosure requirements. As a result, Chinese companies are more selective in their patent disclosure actions, which causes...