Collective Information Acquisition

Joint with Kfir Eliaz.

We consider the problem faced by a group of players who bargain over what public signal to acquire before deciding on a collective action. The players differ in their privately known state-dependent payoffs from taking the action, and therefore differ also in their willingness to pay for the public signal. We take a mechanism design approach to characterize the frontier of outcomes achievable via bargaining over information. We identify novel distortions in the optimal information structure that arise from the information asymmetry and because, after the signal is realized, the outcome is determined in equilibrium of a subsequent voting game.

https://raneilat.weebly.com/

Schedule:

11:30 - gathering and small talk

11:45-12:45 - research presentation

To view the seminar recording, click here.