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- W4385360445 abstract "I study the optimal provision of information in a long‐term relationship between a sender and a receiver. The sender observes a persistent, evolving state and commits to send signals over time to the receiver, who sequentially chooses public actions that affect the welfare of both players. I solve for the sender's optimal policy in closed form: the sender reports the value of the state with a delay that shrinks over time and eventually vanishes. Even when the receiver knows the current state, the sender retains leverage by threatening to conceal the future evolution of the state." @default.
- W4385360445 created "2023-07-29" @default.
- W4385360445 creator A5025076506 @default.
- W4385360445 date "2023-01-01" @default.
- W4385360445 modified "2023-09-25" @default.
- W4385360445 title "Dynamic Information Provision: Rewarding the Past and Guiding the Future" @default.
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- W4385360445 doi "https://doi.org/10.3982/ecta17345" @default.
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