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Dynamic information disclosure

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  • Pak Hung Au

Abstract

type="main"> We study dynamic information disclosure by a sender attempting to persuade a partially informed receiver to take an action. We consider vertical and horizontal information. With vertical information, an optimal disclosure plan is static. If the sender cannot commit to the disclosure plan, there exists a simple Markov equilibrium with sequential disclosure. Shrinking the time interval to zero gives rise to full disclosure almost instantly. With horizontal information, the sender often benefits from sequential disclosure. Assuming partial commitment and a special receiver-type space, a Markov equilibrium exists and almost instant full disclosure arises in the limit.

Suggested Citation

  • Pak Hung Au, 2015. "Dynamic information disclosure," RAND Journal of Economics, RAND Corporation, vol. 46(4), pages 791-823, October.
    • Handle: RePEc:bla:randje:v:46:y:2015:i:4:p:791-823
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    File URL: http://hdl.handle.net/10.1111/1756-2171.12111
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    References listed on IDEAS

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