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テクニカルレポート

ディスカッション／ワーキング・ペーパー

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Institute of Social and Economic Research Discussion Papers.828

A Theory of Multidimensional Information Disclosure

Tamura, Wataru

The Institute of Social and Economic Research, Osaka University

英語

2012-01

http://hdl.handle.net/11094/23390

The 14th ISER-Moriguchi Prize (2011) Awarded Paper

We study disclosure of information about the multidimensional state of the world when uninformed receivers’ actions a?ect the sender’s utility. Given a disclosure rule, the receivers form an expectation about the state following each message. Under the assumption that the sender’s expected utility is written as the expected value of a quadratic function of those conditional expectations, we identify conditions under which full and no disclosure is optimal for the sender and show that a linear transformation of the state is optimal if it is normally distributed. We apply our theory to advertising, political campaigning, and monetary policy.

A Theory of Multidimensional Information Disclosure

Tamura, Wataru

The Institute of Social and Economic Research, Osaka University

英語

2012-01

Institute of Social and Economic Research Discussion Papers

828

http://hdl.handle.net/11094/23390