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Dynamic strategic information transmission

Listed author(s):
  • Golosov, Mikhail
  • Skreta, Vasiliki
  • Tsyvinski, Aleh
  • Wilson, Andrea

This paper studies strategic information transmission in a finite horizon environment where, each period, a privately informed expert sends a message and a decision-maker takes an action. We show that communication in this dynamic environment drastically differs from a one-shot game. Our main result is that, under certain conditions, full information revelation is possible. We provide a constructive method to build such fully revealing equilibria; our result obtains with rich communication, in which non-contiguous types pool together, thereby allowing dynamic manipulation of beliefs. Essentially, conditioning future information release on past actions improves incentives for information revelation.

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File URL: http://www.sciencedirect.com/science/article/pii/S0022053113002160
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Article provided by Elsevier in its journal Journal of Economic Theory.

Volume (Year): 151 (2014)
Issue (Month): C ()
Pages: 304-341

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Handle: RePEc:eee:jetheo:v:151:y:2014:i:c:p:304-341
DOI: 10.1016/j.jet.2013.12.012
Contact details of provider: Web page: http://www.elsevier.com/locate/inca/622869

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