Constrained listening, audience alignment, and expert communication

• 成果类型: Article
• 署名作者: Fischer, Paul E.; Heinle, Mirko S.; Smith, Kevin C.
• 署名单位: University of Pennsylvania; Stanford University
• 刊物名称: RAND JOURNAL OF ECONOMICS
• ISSN/ISSBN: 0741-6261
• DOI: 10.1111/1756-2171.12349
• 发表日期: 2020
• 页码: 1037-1062
• 关键词: media bias; cheap talk; analysts

摘要

We consider a cheap-talk setting with two senders and a continuum of receivers with heterogenous preferences. Each receiver is constrained to listen to one of the senders but can choose which sender to listen to. The introduction of a second sender facilitates more informative communication and even enables full communication for a large set of sender preference pairs. We use the model to assess the size and characteristics of sender audiences, the amount of information communicated, and the impact of the senders' biases on the receivers' actions.