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divide-2.information

pjuneg 2017-08-02
https://www.researchgate.net/profile/Zhuoqiong_Chen/publication/311206228_Spying_in_Contests/links/583f250608ae8e63e6182685.pdf

Information reduces unproductive effort (wasted without information) and improves social welfare. Information structure is ranked in rotation order.
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  • pjuneg
    **http://econdse.org/wp-content/uploads/2015/12/Lecture-Slides-Morris.pdf

    1.(revelation principle) wlog, information space can be set to the same as action space.
    2.initial (private) information for players is bad for information designer.
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