Browsing BI Open by Journals "American Economic Journal: Microeconomics"
Now showing items 1-2 of 2
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Dynamic Persuasion with Outside Information
(Journal article; Peer reviewed, 2021)A principal seeks to persuade an agent to accept an offer of uncertain value before a deadline expires. The principal can generate information, but exerts no control over exogenous outside information. The combined effect ... -
Fees, Reputation and Information Production in the Credit Rating Industry
(Journal article; Peer reviewed, 2020)We compare a credit rating agency's incentives to acquire costly information when it is only paid for giving favorable ratings to the corresponding incentives when the agency is paid up-front, i.e., irrespective of the ...