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Information Design and Strategic Communication

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  • Daniel Krähmer

Abstract

I study sender-receiver games where the receiver can disclose information to the sender by designing an information structure. I show that by secretly randomizing over information structures, the receiver can virtually attain her complete information payoff even for large conflicts of interest. The key insight is that private knowledge of the information structure induces truthful communication because it allows the receiver to cross-check the consistency of the sender's report.

Suggested Citation

  • Daniel Krähmer, 2021. "Information Design and Strategic Communication," American Economic Review: Insights, American Economic Association, vol. 3(1), pages 51-66, March.
    • Handle: RePEc:aea:aerins:v:3:y:2021:i:1:p:51-66
    DOI: 10.1257/aeri.20200012
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    More about this item

    JEL classification:

    • C72 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Noncooperative Games
    • D82 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Asymmetric and Private Information; Mechanism Design
    • D83 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Search; Learning; Information and Knowledge; Communication; Belief; Unawareness

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