On the Price of Transparency: A Comparison Between Overt Persuasion and Covert Signaling
On the Price of Transparency: A Comparison Between Overt Persuasion and Covert Signaling
Transparency of information disclosure has always been considered an instrumental component of effective governance, accountability, and ethical behavior in any organization or system. However, a natural question follows: what is the cost or benefit of being transparent, as one may suspect that transparency imposes additional constraints on the information structure, …