Information Feedback in a Dynamic Tournament
ISER Discussion Paper from Institute of Social and Economic Research, Osaka University
This paper studies the problem of information revelation in a multi-stage tournament where the agents' effort in each stage gives rise to a stochastic performance signal privately observed by the principal. The principal controls the agents' effort incentive through the use of a feedback policy, which transforms his private information into a public announcement. The optimal feedback policy is one that maximizes the agents' expected effort. The paper identifies when the principal should use the no-feedback policy that reveals no information, or the full-feedback policy that reveals all his information.
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Journal Article: Information feedback in a dynamic tournament (2010)
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Persistent link: https://EconPapers.repec.org/RePEc:dpr:wpaper:0580
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