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Microeconomics Research Workshop: Competitive Information Design: The Static Case

Dates:
  • Tue 09 Jan 2018 13.30 - 15.00
  Add to Calendar 2018-01-09 13:30 2018-01-09 15:00 Europe/Paris Microeconomics Research Workshop: Competitive Information Design: The Static Case

We study games between n information designers, each of whom can perform a statistical experiment about a piece of information, the pieces being independent. They aim at persuading a decision-maker to take their most favorable (possible state-dependent) action. For such games with discontinuous payoffs, we show that there exists a (sub-game perfect) equilibrium with either an infinite number of messages or randomization over finite statistical experiments. We characterize the equilibrium distributions of actions for rectangular games in which the optimization problem of the decision-maker is separable across designers. Rectangular games have a (sub-game perfect) equilibrium in pure strategies with a finite number of messages. Co-authors: Marie Laclau and Tristan Tomala

Seminar Room - Villa La Fonte DD/MM/YYYY
  Seminar Room - Villa La Fonte

We study games between n information designers, each of whom can perform a statistical experiment about a piece of information, the pieces being independent. They aim at persuading a decision-maker to take their most favorable (possible state-dependent) action. For such games with discontinuous payoffs, we show that there exists a (sub-game perfect) equilibrium with either an infinite number of messages or randomization over finite statistical experiments. We characterize the equilibrium distributions of actions for rectangular games in which the optimization problem of the decision-maker is separable across designers. Rectangular games have a (sub-game perfect) equilibrium in pure strategies with a finite number of messages. Co-authors: Marie Laclau and Tristan Tomala


Location:
Seminar Room - Villa La Fonte

Affiliation:
Department of Economics

Type:
Workshop

Speaker:
Prof. Frederic Koessler (Paris School of Economics)

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