Essays in microeconomic theory

Gao, Xin

Dissertation-Xin Gao.pdf - Published

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URN: urn:nbn:de:bsz:180-madoc-499908
Document Type: Doctoral dissertation
Year of publication: 2019
Place of publication: Mannheim
University: Universität Mannheim
Evaluator: Tröger, Thomas
Date of oral examination: 13 May 2019
Publication language: English
Institution: Außerfakultäre Einrichtungen > Graduate School of Economic and Social Sciences - CDSE (Economics)
School of Law and Economics > VWL, Wirtschaftstheorie (Tröger 2010-)
Subject: 330 Economics
Keywords (English): Cheap Talk, Delegation
Abstract: My research focuses on understanding how people make decisions and what mechanism of decision-making is best for a decision maker. Good decision-making requires good information. However, information is dispersed among different parties. In many economic situations the decision maker does not have the relevant information and therefore needs to rely on the help by an expert. In this dissertation, I investigate novel aspects of two well-known decision-making protocols: To benefit from the expert's information, the decision maker can either ask him to report what he knows (communication), or she can simply let the expert make the decision himself (delegation).

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