no code implementations • 23 Apr 2024 • Qianjun Lyu
This paper studies the optimal refund mechanism when an uninformed buyer can privately acquire information about his valuation of a product over time.
no code implementations • 29 May 2023 • Qianjun Lyu, Wing Suen, Yimeng Zhang
We study an information design problem with continuous state and discrete signal space.
no code implementations • 11 Jul 2022 • Qianjun Lyu, Wing Suen
An uninformed sender publicly commits to an informative experiment about an uncertain state, privately observes its outcome, and sends a cheap-talk message to a receiver.