Footnote:
Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments January 25, 2022 erstellt
Description:
We compare information design, or Bayesian persuasion, by uninformed and informed principals. We show that, under the assumptions of monotone preferences of the principal and nondegenerate information structures, a Pareto undominated outcome is implementable by the uninformed principal if and only if it is implementable by the informed principal