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Entree


Dynamic Information Design under Constrained Communication Rules

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Autor(es):
Lorecchio, Caio ; Monte, Daniel
Número total de Autores: 2
Tipo de documento: Artigo Científico
Fonte: AMERICAN ECONOMIC JOURNAL-MICROECONOMICS; v. 15, n. 1, p. 40-pg., 2023-02-01.
Resumo

An information designer wishes to persuade agents to invest in a project of unknown quality. To do so, she must induce investment and collect feedback from these investments. Motivated by data reg-ulations and simplicity concerns, our designer faces communica-tion constraints. These constraints hinder her without benefiting the agents: they impose an upper bound on the induced belief spread, limiting persuasion. Nevertheless, two-rating systems (direct recom-mendations) are the optimal design when experimentation is needed to generate information and approximate the designer's first-best payoff for specific feedback structures. When the designer has altruistic motives, constrained rules significantly decrease welfare. (AU)

Processo FAPESP: 21/06777-3 - Desenho de sistemas de recomendação com agentes heterogêneos
Beneficiário:Daniel Monte
Modalidade de apoio: Bolsas no Exterior - Pesquisa