Disclosure of research results: the cost of proving your honesty

Emeric Henry

SciencePo Working papers Main from HAL

Abstract: In situations where a biased sender provides verifiable information to a receiver, I study how strategic reporting affects the incentives to search for information. Research provides series of signals that can be used selectively in reporting. I show that the sender is strictly worse off when his research effort is not observed by the receiver: he has to conduct more research than in the observable case and in equilibrium, discloses all the information he obtained. However this extra research can be socially beneficial and mandatory disclosure of results can thus be welfare reducing. Finally I identify cases where the sender withholds evidence and for which mandatory disclosure rules become more attractive.

Keywords: persuasion games; search for information; mandatory disclosure; clinical trials (search for similar items in EconPapers)
Date: 2009-07
Note: View the original document on HAL open archive server: https://sciencespo.hal.science/hal-01023670
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Published in The Economic Journal, 2009, 119 (539), pp.1036-1064. ⟨10.1111/j.1468-0297.2009.02265.x⟩

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Working Paper: Disclosure of research results: the cost of proving your honesty (2009)
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Persistent link: https://EconPapers.repec.org/RePEc:hal:spmain:hal-01023670

DOI: 10.1111/j.1468-0297.2009.02265.x

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