Organized Information Transmission
Research Seminars: Virtual Market Design SeminarThe paper presented in this ZEW Research Seminar examines that in reality, the organizational structure of information — describing how information is transmitted to its recipients — is as important as its content. In this paper, the authors introduce families of (indirect) information structures, namely meeting schemes and delegated hierarchies, that capture the horizontal and vertical dimensions of real-world transmission. They characterize the outcomes that they implement in general (finite) games and show that they are optimal in binary-action environments with strategic complementarities. Their application to classical regime-change games illustrates the variety of optimal meeting schemes and delegated hierarchies as a function of the objective.
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