Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
7359668 | Journal of Economic Theory | 2015 | 18 Pages |
Abstract
I develop a theory of communication in which a sender gathers costly information before giving advice to a receiver. In a general setting, I show that the sender always communicates all her information to the receiver in every equilibrium. In the uniform-quadratic model in which the sender can choose any finite partition as her information structure, an upwardly biased sender can convey more precise information when recommending a larger action.
Related Topics
Social Sciences and Humanities
Economics, Econometrics and Finance
Economics and Econometrics
Authors
Harry Di Pei,