On the equivalence of information design by uninformed and informed principals

B-Tier
Journal: Economic Theory
Year: 2023
Volume: 76
Issue: 4
Pages: 1051-1067

Score contribution per author:

2.011 = (α=2.01 / 1 authors) × 1.0x B-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

Abstract We compare information design, or Bayesian persuasion, by an uninformed principal (who has no information about the state of the world when making her choice) and by an informed principal (who has private information and can condition her choice on that information). We show that, under the assumptions of monotone preferences of the principal and nondegenerate information structures, a Pareto undominated outcome is implementable by the uninformed principal if and only if it is implementable by the informed principal.

Technical Details

RePEc Handle
repec:spr:joecth:v:76:y:2023:i:4:d:10.1007_s00199-023-01495-z
Journal Field
Theory
Author Count
1
Added to Database
2026-01-29