Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/92882 
Autor:innen: 
Erscheinungsjahr: 
2012
Schriftenreihe/Nr.: 
ISER Discussion Paper No. 828
Verlag: 
Osaka University, Institute of Social and Economic Research (ISER), Osaka
Zusammenfassung: 
We study disclosure of information about the multidimensional state of the world when uninformed receivers' actions affect the sender's utility. Given a disclosure rule, the receivers form an expectation about the state following each message. Under the assumption that the sender's expected utility is written as the expected value of a quadratic function of those conditional expectations, we identify conditions under which full and no disclosure is optimal for the sender and show that a linear transformation of the state is optimal if it is normally distributed. We apply our theory to advertising, political campaigning, and monetary policy.
Schlagwörter: 
information disclosure
semidefinite programming
linear transformation
JEL: 
D83
L15
M37
D72
E52
Sonstige Angaben: 
The 14th ISER-Moriguchi Prize (2011) Awarded Paper.
Dokumentart: 
Working Paper

Datei(en):
Datei
Größe
264.61 kB





Publikationen in EconStor sind urheberrechtlich geschützt.