Persuasion with verifiable information

This paper studies a game in which an informed sender with state-independent preferences uses verifiable messages to convince a receiver to choose an action from a finite set. We characterize the equilibrium outcomes of the game and compare them with commitment outcomes in information design. We provide conditions under which a commitment outcome is an equilibrium outcome and identify environments in which the sender does not benefit from commitment power. Our findings offer insights into the interchangeability of verifiability and commitment in applied settings.

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Publication Details

Journal
Journal of Economic Theory
Published
2025-10-25
DOI
https://doi.org/10.1016/j.jet.2025.106102
Primary Topic
Game Theory and Applications
Type
article
Field-Weighted Citation Impact
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article

Persuasion with verifiable information

Kun Zhang, M. N. Titova
Journal of Economic Theory
Game Theory and Applications
article

Persuasion with verifiable information

Kun Zhang, M. N. Titova
article en

Abstract

This paper studies a game in which an informed sender with state-independent preferences uses verifiable messages to convince a receiver to choose an action from a finite set. We characterize the equilibrium outcomes of the game and compare them with commitment outcomes in information design. We provide conditions under which a commitment outcome is an equilibrium outcome and identify environments in which the sender does not benefit from commitment power. Our findings offer insights into the interchangeability of verifiability and commitment in applied settings.

Journal of Economic TheoryVol. 230
The University of Queensland (AU), Vanderbilt University (US)
Openalex Percentile: Top 64%
Game Theory and Applications
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