We also show that, among partitional information structures and given certain priors, the principal's optimal information structure groups together states in which her marginal payoffs are similar and separates states in which they diverge.
Although this implies that the greedy algorithm is not accompanied by worst-case performance guarantees, we illustrate through numerical experiments that it can produce effective and often optimal or near optimal information structure modifications.
We establish that optimal information structures in an optimal auction exhibit a number of properties: (i) information structures can be represented by monotone partitions, (ii) the cardinality of each partition is finite, (iii) the partitions are asymmetric across agents.
Next, let us prove that there exist an optimal structure for the information beamforming vector for P B − 4. We can first assume there is (vec {boldsymbol {k}}) that satisfies (vec {boldsymbol {k}}^{mathrm {H}}vec {boldsymbol {g}}=0).
Computer-based simulation provides a method to quantitatively analyze the environmental forces acting on fish cage systems and thereby provides valuable information necessary for designing an optimal structure.
If the information structure follows an open-loop pattern, each player can only access the initial state of the game, and this information allows each player to know the optimal trajectories of the others.
Often, the entrepreneur sets up several legal entities to accommodate the earning of an income and the charitable expenditures in an optimal structure.
