Persuasion via Weak Institutions
研究了发送者委托研究以说服接收者,但有一定概率影响报告的情况,发现增加该概率可能对接收者有利,并导致发送者收益不连续下降。
A sender commissions a study to persuade a receiver but influences the report with some probability. We show that increasing this probability can benefit the receiver and can lead to a discontinuous drop in the sender’s payoffs. To derive our results, we geometrically characterize the sender’s highest equilibrium payoff, which is based on the concavification of a capped value function.