Essays on Information Transmission and Its Economic Applications

Download or read book Essays on Information Transmission and Its Economic Applications written by Sho Miyamoto and published by . This book was released on 2014 with total page 73 pages. Available in PDF, EPUB and Kindle. Book excerpt: In this dissertation, I study different models of information transmission and discuss their economic applications. The models describe communication between a Sender and a Receiver, where the Sender provides valuable information and the Receiver takes an action given this information. In Chapter 2 and Chapter 3, I present the models of strategic communication and examine the signaling mechanism in different contexts. In Chapter 4, I present a team theory model of costly communication and look at the Sender's mode of communication. These chapters share a common economic insight: it is optimal for the Sender to withhold part of information. In each chapter, I use this theoretical insight to explain economic applications.