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Compensations in Information Collecting Situations: A Cooperative Approach
Author(s) -
TIJS STEF,
TIMMER JUDITH,
BRÂNZEI RODICA
Publication year - 2006
Publication title -
journal of public economic theory
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.809
H-Index - 32
eISSN - 1467-9779
pISSN - 1097-3923
DOI - 10.1111/j.1467-9779.2006.00259.x
Subject(s) - decision maker , compensation (psychology) , microeconomics , economics , cheap talk , computer science , management science , psychology , social psychology
This paper addresses the question of how to compensate people who provide relevant information to a decision maker who faces uncertainty. Several compensation rules for the decision maker are suggested and these are studied in a cooperative environment.