Beeps | Zendy

Jeffrey C. Ely | Zendy

AI Assistant Blog Pricing

Home ZAIA Blog

Open Access

Beeps

Author(s) -

Jeffrey C. Ely

Publication year - 2016

Publication title -

american economic review

Language(s) - English

Resource type - Journals

SCImago Journal Rank - 16.936

H-Index - 297

eISSN - 1944-7981

pISSN - 0002-8282

DOI - 10.1257/aer.20150218

Subject(s) - persuasion , action (physics) , economics , principal (computer security) , mathematical economics , microeconomics , order (exchange) , process (computing) , computer science , psychology , social psychology , computer security , physics , finance , quantum mechanics , operating system

I introduce and study dynamic persuasion mechanisms. A principal privately observes the evolution of a stochastic process and sends messages over time to an agent. The agent takes actions in each period based on her beliefs about the state of the process and the principal wishes to influence the agent’s action. I characterize the optimal persuasion mechanism and show how to derive it in applications. I then consider the extension to multiple agents where higher-order beliefs matter. (JEL D82, D83)

The content you want is available to Zendy users.

Already have an account? Click here to sign in.

Having issues? You can contact us here

Accelerating Research