Optimal persuasion via bi‐pooling
Mean‐preserving contractions are critical for studying Bayesian models of information
design. We introduce the class of bi‐pooling policies, and the class of bi‐pooling …
design. We introduce the class of bi‐pooling policies, and the class of bi‐pooling …
Market segmentation through information
An information designer has precise information about consumers' preferences over
products sold by oligopolists. The designer chooses what information to reveal to …
products sold by oligopolists. The designer chooses what information to reveal to …
Censorship as optimal persuasion
We consider a Bayesian persuasion problem where a sender's utility depends only on the
expected state. We show that upper censorship that pools the states above a cutoff and …
expected state. We show that upper censorship that pools the states above a cutoff and …
The persuasion duality
We present a unified duality approach to Bayesian persuasion. The optimal dual variable,
interpreted as a price function on the state space, is shown to be a supergradient of the …
interpreted as a price function on the state space, is shown to be a supergradient of the …
Monotone function intervals: Theory and applications
A monotone function interval is the set of monotone functions that lie pointwise between two
fixed,-monotone functions. We characterize the set of extreme points of monotone function …
fixed,-monotone functions. We characterize the set of extreme points of monotone function …
[LIBRO][B] Fraud-proof non-market allocation mechanisms
E Perez-Richet, V Skreta - 2023 - edurichet.github.io
We study the optimal design of fraud-proof allocation mechanisms without transfers. An
agent's eligibility relies on a score reflecting social value, but gaming generates …
agent's eligibility relies on a score reflecting social value, but gaming generates …
The economics of partisan gerrymandering
We study the problem of a partisan gerrymanderer who assigns voters to equipopulous
districts so as to maximize his party's expected seat share. The designer faces both …
districts so as to maximize his party's expected seat share. The designer faces both …
Model secrecy and stress tests
Should regulators reveal the models they use to stress‐test banks? In our setting, revealing
leads to gaming, but secrecy can induce banks to underinvest in socially desirable assets for …
leads to gaming, but secrecy can induce banks to underinvest in socially desirable assets for …
Conveying value via categories
A sender sells an object of unknown quality to a receiver who pays his expected value for it.
Sender and receiver might hold different priors over quality. The sender commits to a …
Sender and receiver might hold different priors over quality. The sender commits to a …
Persuasion as transportation
We consider a model of Bayesian persuasion with one informed sender and several
uninformed receivers. The sender can affect receivers' beliefs via private signals, and the …
uninformed receivers. The sender can affect receivers' beliefs via private signals, and the …