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When to ask for an update: Timing in strategic communication

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  • Chen, Ying
  • Oliver, Atara

Abstract

A principal (receiver) considers whether to accept a project whose total value depends on two aspects. In each period, an agent (sender) privately learns the value of one aspect with positive probability. We compare two common reporting protocols: frequent updating, which requires the sender to report in each period, and infrequent updating, which requires him to report only at the end of the learning process. The sender is biased towards acceptance; he may conceal his signal, but cannot otherwise misrepresent.

Suggested Citation

  • Chen, Ying & Oliver, Atara, 2023. "When to ask for an update: Timing in strategic communication," Journal of Economic Theory, Elsevier, vol. 211(C).
    • Handle: RePEc:eee:jetheo:v:211:y:2023:i:c:s0022053123000728
    DOI: 10.1016/j.jet.2023.105676
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    More about this item

    Keywords

    Multidimensional disclosure; Dynamic communication; Frequency of report; Conditional delegation;
    All these keywords.

    JEL classification:

    • C72 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Noncooperative Games
    • D82 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Asymmetric and Private Information; Mechanism Design
    • D83 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Search; Learning; Information and Knowledge; Communication; Belief; Unawareness

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