Strategic Information Acquisition and Transmission
Strategic Information Acquisition and Transmission
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战略信息获取和传输
DOI:
10.1257/mic.20140135
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发表时间:
2016
期刊:
影响因子:
--
通讯作者:
Francesco Squintani
中科院分区:
文献类型:
--
作者:
Rossella Argenziano;S. Severinov;Francesco Squintani
This paper explores the implications of costly information acquisition in a strategic communication setting. We show that equilibrium decisions based on a biased expert's advice may be more precise than when information is directly acquired by the decision maker, even if the expert is not more efficient than the decision maker at acquiring information. This result bears important implications for organization design. Communication by an expert to a decision maker may often outperform delegation of the decision-making authority to the expert, as well as centralization by the decision maker of both information acquisition and decision-making authority.