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The supply of information in an emotional setting

Glycopantis, D and Stavropoulou, C (2011) The supply of information in an emotional setting CESifo Economic Studies, 57 (4). pp. 740-762.

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Advances in the field of economics and psychology have contributed greatly to the understanding of the supply of information when it affects the emotions and consequently the decisions made by two parties. Yet, these studies assume that the parties have identical utilities. In this article, focusing on the doctor–patient interaction, we relax the perfect agency assumption, introduce the agent's effort in supplying information, and analyze the two parties’ interdependent decisions under asymmetric information. We show that when the supplier of information fails to understand the receiver's preferences the latter will disregard completely the recommendation. We consider the policy recommendations and welfare implications of the model.

Item Type: Article
Divisions : Faculty of Arts and Social Sciences > Surrey Business School
Authors :
Date : 2011
Identification Number : 10.1093/cesifo/ifr024
Additional Information : This is a pre-copy-editing, author-produced PDF of an article accepted for publication in CESifo Economic Studies following peer review. The definitive publisher-authenticated version CESifo Economic Studies (2011) 57 (4): 740-762. doi: 10.1093/cesifo/ifr024 is available online at:
Depositing User : Symplectic Elements
Date Deposited : 18 Feb 2014 17:33
Last Modified : 26 Jul 2016 10:09

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