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Related papers: On the optimality of full disclosure

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We study a model of delegation in which a principal takes a multidimensional action and an agent has private information about a multidimensional state of the world. The principal can design any direct mechanism, including stochastic ones.…

Theoretical Economics · Economics 2022-08-26 Andreas Kleiner

A scheme that publishes aggregate information about sensitive data must resolve the trade-off between utility to information consumers and privacy of the database participants. Differential privacy is a well-established definition of…

Cryptography and Security · Computer Science 2010-01-18 Mangesh Gupte , Mukund Sundararajan

We show that in delegation problems, a principal benefits from belief misalignment vis-\`a-vis an agent when the latter can flexibly acquire costly information. The agent optimally succumbs to confirmatory learning, leading him to favor the…

Theoretical Economics · Economics 2025-07-30 Pavel Ilinov , Andrei Matveenko , Maxim Senkov , Egor Starkov

The hidden-action model captures a fundamental problem of principal-agent theory and provides an optimal sharing rule when only the outcome but not the effort can be observed. However, the hidden-action model builds on various explicit and…

General Economics · Economics 2020-04-15 Stephan Leitner , Friederike Wall

We study information design settings where the designer controls information about a state, and there are multiple agents interacting in a game who are privately informed about their types. Each agent's utility depends on all agents' types…

Theoretical Economics · Economics 2022-01-31 Ozan Candogan , Philipp Strack

We study voluntary disclosure with multiple biased senders who may bear costs for disclosing or concealing their private information. Under relevant assumptions, disclosures are strategic substitutes under a disclosure cost but complements…

Theoretical Economics · Economics 2026-01-16 Navin Kartik , Frances Xu Lee , Wing Suen

This paper develops a model in which a sender strategically communicates with a group of receivers whose payoffs depend on the sender's information. It is shown that aggregate payoff externalities create an endogenous conflict of interests…

Theoretical Economics · Economics 2025-09-12 Georgy Lukyanov , Konstantin Shamruk , Tong Su , Ahmed Wakrim

Perfect data privacy seems to be in fundamental opposition to the economical and scientific opportunities associated with extensive data exchange. Defying this intuition, this paper develops a framework that allows the disclosure of…

Information Theory · Computer Science 2019-04-04 Borzoo Rassouli , Fernando E. Rosas , Deniz Gunduz

In traditional mechanism design, agents only care about the utility they derive from the outcome of the mechanism. We look at a richer model where agents also assign non-negative dis-utility to the information about their private types…

Computer Science and Game Theory · Computer Science 2015-03-19 Kobbi Nissim , Claudio Orlandi , Rann Smorodinsky

A principal must decide between two options. Which one she prefers depends on the private information of two agents. One agent always prefers the first option; the other always prefers the second. Transfers are infeasible. One application…

Theoretical Economics · Economics 2022-05-24 Deniz Kattwinkel , Axel Niemeyer , Justus Preusser , Alexander Winter

We study the classic principal-agent model when the signal observed by the principal is chosen by the agent. We fully characterize the optimal information structure from an agent's perspective in a general moral hazard setting with limited…

Theoretical Economics · Economics 2023-07-25 Majid Mahzoon , Ali Shourideh , Ariel Zetlin-Jones

How should an agent (the sender) observing multi-dimensional data (the state vector) persuade another agent to take the desired action? We show that it is always optimal for the sender to perform a (non-linear) dimension reduction by…

Machine Learning · Statistics 2022-10-05 Semyon Malamud , Andreas Schrimpf

Consider a data publishing setting for a data set with public and private features. The objective of the publisher is to maximize the amount of information about the public features in a revealed data set, while keeping the information…

Information Theory · Computer Science 2018-05-11 Hao Wang , Mario Diaz , Flavio P. Calmon , Lalitha Sankar

Consider a pair of random variables $(X,Y)$ distributed according to a given joint distribution $p_{XY}$. A curator wishes to maximally disclose information about $Y$, while limiting the information leakage incurred on $X$. Adopting mutual…

Information Theory · Computer Science 2023-01-30 Borzoo Rassouli , Deniz Gündüz

We investigate the tradeoff between privacy and utility in a situation where both privacy and utility are measured in terms of mutual information. For the binary case, we fully characterize this tradeoff in case of perfect privacy and also…

Information Theory · Computer Science 2015-10-09 Shahab Asoodeh , Fady Alajaji , Tamás Linder

When explaining black-box machine learning models, it's often important for explanations to have certain desirable properties. Most existing methods `encourage' desirable properties in their construction of explanations. In this work, we…

Machine Learning · Computer Science 2025-07-22 Hiwot Belay Tadesse , Alihan Hüyük , Yaniv Yacoby , Weiwei Pan , Finale Doshi-Velez

We consider a hidden-action principal-agent model, in which actions require different amounts of effort, and the agent privately knows his ability that determines his cost of effort. We show that linear contracts admit approximation…

Computer Science and Game Theory · Computer Science 2025-03-05 Tal Alon , Paul Dütting , Yingkai Li , Inbal Talgam-Cohen

We study Bayesian Persuasion with multiple senders who have access to conditionally independent experiments (and possibly others). Senders have zero-sum preferences over information revealed. We characterize when any set of states can be…

Theoretical Economics · Economics 2022-06-14 Dilip Ravindran , Zhihan Cui

In principal-agent models, a principal offers a contract to an agent to perform a certain task. The agent exerts a level of effort that maximizes her utility. The principal is oblivious to the agent's chosen level of effort, and conditions…

Computer Science and Game Theory · Computer Science 2022-07-14 Alon Cohen , Moran Koren , Argyrios Deligkas

Recent work has constructed economic mechanisms that are both truthful and differentially private. In these mechanisms, privacy is treated separately from the truthfulness; it is not incorporated in players' utility functions (and doing so…

Computer Science and Game Theory · Computer Science 2012-11-14 Yiling Chen , Stephen Chong , Ian A. Kash , Tal Moran , Salil Vadhan