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This paper studies optimal persuasion. A speaker must decide which arguments to present and a listener which arguments to accept. Communication is limited in that the arguments available to the speaker depend on her information. Optimality is assessed from the listener's perspective assuming...
Persistent link: https://www.econbiz.de/10014047623
This paper develops a formal approach to evaluating freedom in interactive settings based on the literatures on preference for flexibility and measurement of diversity. The approach posits that freedom has an instrumental component -- grounded in preferences -- and an intrinsic component. The...
Persistent link: https://www.econbiz.de/10013028882
We study a seller's optimal mechanism for maximizing revenue when the buyer may present evidence relevant to the buyer's value, or when different types of buyer have a differential ability to communicate. We introduce a dynamic bargaining protocol in which the buyer first makes a sequence of...
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We study a seller's optimal mechanism for maximizing revenue when a buyer may present evidence relevant to her value. We show that a condition very close to transparency of buyer segments is necessary and sufficient for the optimal mechanism to be deterministic--hence akin to classic third...
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I present a model of freedom as control. Control is measured by the preferences of a decision-maker, or judge, who values flexibility and is neutral towards outcomes ex ante. Formally, I explore the consequences of adding a neutrality axiom to the Dekel, Lipman and Rustichini (2001) axioms for...
Persistent link: https://www.econbiz.de/10012937009