Communication and authority with a partially informed expert

A-Tier
Journal: RAND Journal of Economics
Year: 2014
Volume: 45
Issue: 1
Pages: 176-197

Score contribution per author:

1.341 = (α=2.01 / 3 authors) × 2.0x A-tier

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

Abstract

type="main"> <p>A sender-receiver game a la Crawford-Sobel is analyzed where the sender has expertise on some but not all the payoff-relevant factors. This residual uncertainty can either improve (even allow full revelation) or worsen the quality of transmitted information depending on a statistic called the effective bias. For symmetrically distributed residual uncertainty or quadratic loss functions, (i) the quality of information transmission is independent of the riskiness of residual uncertainty, (ii) it may be suboptimal to allocate authority to the informed player, (iii) despite players' preferences being arbitrarily close, it is impossible to assert that the receiver prefers delegation over authority or vice versa.

Technical Details

RePEc Handle
repec:bla:randje:v:45:y:2014:i:1:p:176-197
Journal Field
Industrial Organization
Author Count
3
Added to Database
2026-01-24