Information Acquisition and the Value of bad News
AbstractI analyze a game of persuasion in which the sender owns some soft information and can gather some costly hard evidence. I show that the sender might find it optimal to release unfavorable evidence even though disclosure is discretionary
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Bibliographic InfoPaper provided by Centre de Recherche en Economie et Statistique in its series Working Papers with number 2013-36.
Date of creation: Dec 2013
Date of revision:
persuasion; costly information; adverse disclosure; signaling;
Find related papers by 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, and Information
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
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