Information Payoffs: An Interim Perspective

Alex Smolin and Laura Doval

No 16543, CEPR Discussion Papers from C.E.P.R. Discussion Papers

Abstract: We study the payoffs that can arise under some information structure from an interim perspective. There is a set of types distributed according to some prior distribution and a payoff function that assigns a value to each pair of a type and a belief over the types. Any information structure induces an interim payoff profile which describes, for each type, the expected payoff under the information structure conditional on the type. We characterize the set of all interim payoff profiles consistent with some information structure. We illustrate our results through applications.

Keywords: Bayesian persuasion; Information design; Interim payoffs; Reputation (search for similar items in EconPapers)
Date: 2021-09
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