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Allocating Scarce Information

Author

Listed:
  • Richard T. Holden
  • Anup Malani
  • Chris Teh

Abstract

Sender conveys scarce information to a number of receivers to maximize the sum of receiver payoffs. Each receiver’s payoff depends on the state of the world and an action she takes. The optimal action is state contingent. Under mild regularity conditions, we show that the payoff of each receiver is convex in the amount of information she receives. Thus, it is optimal for Sender to target information to a single receiver. We then study four extensions in which interior information allocations are optimal.

Suggested Citation

  • Richard T. Holden & Anup Malani & Chris Teh, 2022. "Allocating Scarce Information," NBER Working Papers 29846, National Bureau of Economic Research, Inc.
    • Handle: RePEc:nbr:nberwo:29846
    Note: PE
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    More about this item

    JEL classification:

    • D60 - Microeconomics - - Welfare Economics - - - General
    • D61 - Microeconomics - - Welfare Economics - - - Allocative Efficiency; Cost-Benefit Analysis
    • D80 - Microeconomics - - Information, Knowledge, and Uncertainty - - - General
    • D83 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Search; Learning; Information and Knowledge; Communication; Belief; Unawareness

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