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Information Payoffs: An Interim Perspective

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  • Smolin, Alex
  • Doval, Laura

Abstract

We study the payoffs that can arise under some information structure from an interim perspective. There is a set of types distributed according to some prior distribution and a payoff function that assigns a value to each pair of a type and a belief over the types. Any information structure induces an interim payoff profile which describes, for each type, the expected payoff under the information structure conditional on the type. We characterize the set of all interim payoff profiles consistent with some information structure. We illustrate our results through applications.

Suggested Citation

  • Smolin, Alex & Doval, Laura, 2021. "Information Payoffs: An Interim Perspective," TSE Working Papers 21-1247, Toulouse School of Economics (TSE).
    • Handle: RePEc:tse:wpaper:125927
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    Cited by:

    1. Yi Liu & Yang Yu, 2024. "Money Burning Improves Mediated Communication," Papers 2411.19431, arXiv.org.
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    3. Kemal Kivanc Akoz & Arseniy Samsonov, 2023. "Bargaining over information structures," Discussion Papers 2301, Budapest University of Technology and Economics, Quantitative Social and Management Sciences.
    4. Ichihashi, Shota & Smolin, Alex, 2022. "Data Collection by an Informed Seller," CEPR Discussion Papers 17239, C.E.P.R. Discussion Papers.

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