Information Design with Elicitation and Strategic Coordination
Fuente:
arXiv
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| Hauptverfasser: | , , |
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| Format: | Preprint |
| Veröffentlicht: |
2023
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| _version_ | 1866908625022222336 |
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| author | Bonatti, Alessandro Dahleh, Munther A. Horel, Thibaut |
| author_facet | Bonatti, Alessandro Dahleh, Munther A. Horel, Thibaut |
| contents | We study linear-quadratic games of incomplete information with Gaussian uncertainty, where each player's payoff depends on a privately observed type and a common state. The designer observes the state, elicits types, and sells action recommendations. We characterize all implementable mechanisms with Gaussian joint distributions of actions and fundamentals, and identify the players-optimal, consumer-optimal, and revenue-maximizing designs. In games of strategic complements (substitutes), these optimal mechanisms maximally correlate (anticorrelate) players' actions. When type uncertainty is large, recommendations become deterministic linear functions of the state and reports, but remain only partially revealing. |
| format | Preprint |
| id |
arxiv_https___arxiv_org_abs_2302_12223 |
| institution | arXiv |
| publishDate | 2023 |
| record_format | arxiv |
| spellingShingle | Information Design with Elicitation and Strategic Coordination Bonatti, Alessandro Dahleh, Munther A. Horel, Thibaut Computer Science and Game Theory Theoretical Economics We study linear-quadratic games of incomplete information with Gaussian uncertainty, where each player's payoff depends on a privately observed type and a common state. The designer observes the state, elicits types, and sells action recommendations. We characterize all implementable mechanisms with Gaussian joint distributions of actions and fundamentals, and identify the players-optimal, consumer-optimal, and revenue-maximizing designs. In games of strategic complements (substitutes), these optimal mechanisms maximally correlate (anticorrelate) players' actions. When type uncertainty is large, recommendations become deterministic linear functions of the state and reports, but remain only partially revealing. |
| title | Information Design with Elicitation and Strategic Coordination |
| topic | Computer Science and Game Theory Theoretical Economics |
| url | https://arxiv.org/abs/2302.12223 |