All Outputs (2)

Fees, Reputation and Information Production in the Credit Rating Industry (2021)
Journal Article
Bizzotto, J., & Vigier, A. (2021). Fees, Reputation and Information Production in the Credit Rating Industry. American Economic Journal: Microeconomics, 13(2), 1-34. https://doi.org/10.1257/mic.20180170

We compare a credit rating agency's incentives to acquire costly information when it is only paid for giving favorable ratings to the corresponding incentives when the agency is paid upfront, i.e. irrespective of the ratings assigned. We show that, i... Read More about Fees, Reputation and Information Production in the Credit Rating Industry.

Dynamic Persuasion with Outside Information (2021)
Journal Article
Bizzotto, J., Rüdiger, J., & Vigier, A. (2021). Dynamic Persuasion with Outside Information. American Economic Journal: Microeconomics, 13(1), 179-194. https://doi.org/10.1257/mic.20180141

A principal seeks to persuade an agent to accept an offer of uncertain value before a deadline expires. The principal can generate information, but exerts no control over exogenous outside information. The combined effect of the deadline and outside... Read More about Dynamic Persuasion with Outside Information.