no code implementations • 28 Oct 2022 • Yi-Chun Chen, Gaoji Hu, Xiangqian Yang
Agents learn private information (signals) from an information designer about the allocation payoff to the principal.
no code implementations • 18 Oct 2020 • Yi-Chun Chen, Xiangqian Yang
We also show that in an ex ante symmetric setting, an asymmetric information structure is never seller-worst but can generate a strictly higher surplus for the buyers than the symmetric buyer-optimal information structure.
