Information transmission in nested sender-receiver games
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| 024 | 7 | 0 | |a 10.1007/s00199-014-0831-1 |2 doi |
| 035 | |a (NATIONALLICENCE)springer-10.1007/s00199-014-0831-1 | ||
| 245 | 0 | 0 | |a Information transmission in nested sender-receiver games |h [Elektronische Daten] |c [Ying Chen, Sidartha Gordon] |
| 520 | 3 | |a We introduce a "nestedness” relation for a general class of sender-receiver games and compare equilibrium properties, in particular the amount of information transmitted, across games that are nested. Roughly, game $$B$$ B is nested in game $$A$$ A if the players' optimal actions are closer in game $$B$$ B . We show that under some conditions, more information is transmitted in the nested game in the sense that the receiver's expected equilibrium payoff is higher. The results generalize the comparative statics and welfare comparisons with respect to preferences in the seminal paper of Crawford and Sobel (Econometrica 50(6):1431-1452, 1982). We also derive new results with respect to changes in priors in addition to changes in preferences. We illustrate the usefulness of the results in three applications: (i) delegation to an intermediary with a different prior, (ii) the choice between centralization and delegation, and (iii) two-way communication with an informed principal. | |
| 540 | |a Springer-Verlag Berlin Heidelberg, 2014 | ||
| 690 | 7 | |a Sender-receiver games |2 nationallicence | |
| 690 | 7 | |a Information transmission |2 nationallicence | |
| 690 | 7 | |a Nestedness |2 nationallicence | |
| 690 | 7 | |a Intermediary |2 nationallicence | |
| 690 | 7 | |a Delegation |2 nationallicence | |
| 690 | 7 | |a Informed principal |2 nationallicence | |
| 700 | 1 | |a Chen |D Ying |u Department of Economics, Johns Hopkins University, 3400 N. Charles St, 21218, Baltimore, MD, USA |4 aut | |
| 700 | 1 | |a Gordon |D Sidartha |u Department of Economics, Sciences Po, 28 rue des Saints-Pères, 75007, Paris, France |4 aut | |
| 773 | 0 | |t Economic Theory |d Springer Berlin Heidelberg |g 58/3(2015-04-01), 543-569 |x 0938-2259 |q 58:3<543 |1 2015 |2 58 |o 199 | |
| 856 | 4 | 0 | |u https://doi.org/10.1007/s00199-014-0831-1 |q text/html |z Onlinezugriff via DOI |
| 898 | |a BK010053 |b XK010053 |c XK010000 | ||
| 900 | 7 | |a Metadata rights reserved |b Springer special CC-BY-NC licence |2 nationallicence | |
| 908 | |D 1 |a research-article |2 jats | ||
| 949 | |B NATIONALLICENCE |F NATIONALLICENCE |b NL-springer | ||
| 950 | |B NATIONALLICENCE |P 856 |E 40 |u https://doi.org/10.1007/s00199-014-0831-1 |q text/html |z Onlinezugriff via DOI | ||
| 950 | |B NATIONALLICENCE |P 700 |E 1- |a Chen |D Ying |u Department of Economics, Johns Hopkins University, 3400 N. Charles St, 21218, Baltimore, MD, USA |4 aut | ||
| 950 | |B NATIONALLICENCE |P 700 |E 1- |a Gordon |D Sidartha |u Department of Economics, Sciences Po, 28 rue des Saints-Pères, 75007, Paris, France |4 aut | ||
| 950 | |B NATIONALLICENCE |P 773 |E 0- |t Economic Theory |d Springer Berlin Heidelberg |g 58/3(2015-04-01), 543-569 |x 0938-2259 |q 58:3<543 |1 2015 |2 58 |o 199 | ||