Informed Information Design

S-Tier
Journal: Journal of Political Economy
Year: 2023
Volume: 131
Issue: 11
Pages: 3186 - 3232

Score contribution per author:

4.022 = (α=2.01 / 2 authors) × 4.0x S-tier

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

Abstract

We study informed persuasion, whereby a privately informed designer without ex ante commitment power chooses disclosure mechanisms to influence agents’ actions. We characterize the subset of Bayes-correlated equilibria yielding every designer type a payoff higher than what they could get from any disclosure mechanism with credible beliefs. This set of interim-optimal mechanisms is nonempty and tractable, and all its elements are perfect Bayesian equilibrium mechanisms of the informed-designer game. Interim-optimal mechanisms are characterized via belief-based approaches in pure persuasion settings. We identify single- and multiagent interactive environments in which ex ante–optimal mechanisms are interim optimal.

Technical Details

RePEc Handle
repec:ucp:jpolec:doi:10.1086/724843
Journal Field
General
Author Count
2
Added to Database
2026-01-25