Conferences at Department of Economics, University of Toronto, Canadian Economic Theory Conference 2022

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Information Payoffs: An Interim Perspective

Laura Doval*, Alex Smolin

Last modified: 2022-05-19


We study the payoffs that can arise under some information structure from an interim perspective. There is a set of types distributed according to some prior distribution and a payoff function that assigns a value to each pair of a type and a belief over the types. Any information structure induces an interim payoff profile which describes, for each type, the expected payoff under the information structure conditional on the type. We characterize the set of all interim payoff profiles consistent with some information structure. We illus- trate our results through applications.

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