IDEAS home Printed from https://ideas.repec.org/a/oup/cesifo/v57y2011i4p740-762.html
   My bibliography  Save this article

The Supply of Information in an Emotional Setting

Author

Listed:
  • Dionysius Glycopantis
  • Charitini Stavropoulou

Abstract

Advances in the field of economics and psychology have contributed greatly to the understanding of the supply of information when it affects the emotions and consequently the decisions made by two parties. Yet, these studies assume that the parties have identical utilities. In this article, focusing on the doctor--patient interaction, we relax the perfect agency assumption, introduce the agent's effort in supplying information, and analyze the two parties' interdependent decisions under asymmetric information. We show that when the supplier of information fails to understand the receiver's preferences the latter will disregard completely the recommendation. We consider the policy recommendations and welfare implications of the model. (JEL codes: C72, D8, I1) Copyright The Author 2011. Published by Oxford University Press on behalf of Ifo Institute for Economic Research, Munich. All rights reserved. For permissions, please email: journals.permissions@oup.com, Oxford University Press.

Suggested Citation

  • Dionysius Glycopantis & Charitini Stavropoulou, 2011. "The Supply of Information in an Emotional Setting," CESifo Economic Studies, CESifo Group, vol. 57(4), pages 740-762, December.
    • Handle: RePEc:oup:cesifo:v:57:y:2011:i:4:p:740-762
    as

    Download full text from publisher

    File URL: http://hdl.handle.net/10.1093/cesifo/ifr024
    Download Restriction: Access to full text is restricted to subscribers.
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Dionysius Glycopantis & Charitini Stavropoulou, 2018. "An agency relationship under general conditions of uncertainty: a game theory application to the doctor–patient interaction," Economic Theory Bulletin, Springer;Society for the Advancement of Economic Theory (SAET), vol. 6(1), pages 15-28, April.

    More about this item

    JEL classification:

    • C72 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Noncooperative Games
    • D8 - Microeconomics - - Information, Knowledge, and Uncertainty
    • I1 - Health, Education, and Welfare - - Health

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:oup:cesifo:v:57:y:2011:i:4:p:740-762. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Oxford University Press (email available below). General contact details of provider: https://edirc.repec.org/data/cesifde.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.