Reputational cheap talk

Research output: Contribution to journalJournal articlepeer-review

Documents

  • rct

    Submitted manuscript, 353 KB, PDF document

We analyze information reporting by a privately informed expert concerned about being perceived to have accurate information. When the expert's reputation is updated on the basis of the report as well as the realized state, the expert typically does not wish to truthfully reveal the signal observed. The incentives to deviate from truthtelling are characterized and shown to depend on the information structure. In equilibrium, experts can credibly communicate only part of their information. Our results also hold when experts have private information about their own accuracy and care about their reputation relative to others
Original languageEnglish
JournalRAND Journal of Economics
Volume37
Issue number1
Pages (from-to)155-175
ISSN0741-6261
Publication statusPublished - 2006

Number of downloads are based on statistics from Google Scholar and www.ku.dk


No data available

ID: 314073