PERSUASION OF A PRIVATELY INFORMED RECEIVER

We study persuasion mechanisms in linear environments. A receiver has a private type and chooses between two actions. A sender designs a persuasion mechanism or an experiment to disclose information about a payoff-relevant state. A persuasion mechanism conditions information disclosure on the receiv...

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Veröffentlicht in:Econometrica 2017-11, Vol.85 (6), p.1949-1964
Hauptverfasser: Kolotilin, Anton, Mylovanov, Tymofiy, Zapechelnyuk, Andriy, Li, Ming
Format: Artikel
Sprache:eng
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Zusammenfassung:We study persuasion mechanisms in linear environments. A receiver has a private type and chooses between two actions. A sender designs a persuasion mechanism or an experiment to disclose information about a payoff-relevant state. A persuasion mechanism conditions information disclosure on the receiver's report about his type, whereas an experiment discloses information independent of the receiver's type. We establish the equivalence of implementation by persuasion mechanisms and by experiments, and characterize optimal persuasion mechanisms.
ISSN:0012-9682
1468-0262
DOI:10.3982/ECTA13251