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From Design to Disclosure

Author

Listed:
  • S. Nageeb Ali
  • Andreas Kleiner
  • Kun Zhang

Abstract

This paper studies games of voluntary disclosure in which a sender discloses evidence to a receiver who then offers an allocation and transfers. We characterize the set of equilibrium payoffs in this setting. Our main result establishes that any payoff profile that can be achieved through information design can also be supported by an equilibrium of the disclosure game. Hence, our analysis suggests an equivalence between disclosure and design in these settings. We apply our results to monopoly pricing, bargaining over policies, and insurance markets.

Suggested Citation

  • S. Nageeb Ali & Andreas Kleiner & Kun Zhang, 2025. "From Design to Disclosure," CRC TR 224 Discussion Paper Series crctr224_2025_632, University of Bonn and University of Mannheim, Germany.
    • Handle: RePEc:bon:boncrc:crctr224_2025_632
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    File URL: https://www.crctr224.de/research/discussion-papers/archive/dp632
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    References listed on IDEAS

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    More about this item

    Keywords

    voluntary disclosure; evidence games;

    JEL classification:

    • D82 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Asymmetric and Private Information; Mechanism Design

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