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- W2097813215 abstract "We study ex post information rents in sequential screening models where the agent receives private ex ante and ex post information. The principal has to pay ex post information rents for preventing the agent to coordinate lies about his ex ante and ex post information. When the agent’s ex ante information is discrete, these rents are positive, whereas they are zero in continuous models. Consequently, full disclosure of ex post information is generally suboptimal. Optimal disclosure rules trade off the benefits from adapting the allocation to better information against the effect that more information aggravates truth-telling." @default.
- W2097813215 created "2016-06-24" @default.
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- W2097813215 date "2013-08-09" @default.
- W2097813215 modified "2023-10-02" @default.
- W2097813215 title "Ex post information rents and disclosure in sequential screening" @default.
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- W2097813215 doi "https://doi.org/10.5282/ubm/epub.16284" @default.
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