Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/320256 
Year of Publication: 
2024
Citation: 
[Journal:] Theoretical Economics [ISSN:] 1555-7561 [Volume:] 19 [Issue:] 2 [Year:] 2024 [Pages:] 917-974
Publisher: 
The Econometric Society, New Haven, CT
Abstract: 
We consider a dynamic principal-agent problem, where the sole instrument the principal has to incentivize the agent is the disclosure of information. The principal aims at maximizing the (discounted) number of times the agent chooses the principal's preferred action. We show that there exists an optimal policy, where the principal recommends its most preferred action and discloses information as a reward in the next period, until either this action becomes statically optimal for the agent or the agent perfectly learns the state.
Subjects: 
persuasion
contract
disclosure
Dynamic
information
receiver
revelation
sender
JEL: 
C73
D82
Persistent Identifier of the first edition: 
Creative Commons License: 
cc-by-nc Logo
Document Type: 
Article

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