Costly Persuasion

@inproceedings{Gentzkow2013CostlyP,
  title={Costly Persuasion},
  author={Matthew Gentzkow and Emir Kamenica},
  year={2013}
}
We study the design of informational environments in settings where generating information is costly. We assume that the cost of a signal is proportional to the expected reduction in uncertainty. We show that Kamenica & Gentzkow’s (2011) concavification approach to characterizing optimal signals extends to these settings. 
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