Journal of Political Economy Vol. 130 No. 10 2022
Persuasion via Weak Institutions
Abstract
A sender commissions a study to persuade a receiver but influences the report with some probability. We show that increasing this probability can benefit the receiver and can lead to a discontinuous drop in the sender’s payoffs. To derive our results, we geometrically characterize the sender’s highest equilibrium payoff, which is based on the concavification of a capped value function.
- DOI
- 10.1086/720462
- Volume
- 130
- Issue
- 10
- Pages
- 2705-2730
- Language
- en
- Sources
- crossref bibtex:phds-export.bib openalex