Authors: Antonio JiménezMartínez
Publish Date: 2006/07/04
Volume: 34, Issue: 3, Pages: 425-442
Abstract
We propose a twoperson gametheoretical model to study information sharing decisions at an interim stage when information is incomplete The two agents have pieces of private information about the state of nature and that information is improved by combining the pieces Agents are both senders and receivers of information There is an institutional arrangement that fixes a transfer of wealth from an agent who lies about her private information In our model we show that 1 there is a positive relation between information revelation and the amount of the transfers and 2 information revelation has a collective action structure in particular the incentives of an agent to reveal decrease with respect to the amount of information disclosed by the other
Keywords: