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Crawford and Sobel (Econometrica 50(6):1431–1451, 1982) is a seminal contribution that introduced the study of costless signalling of privately held information by an expert to a decision maker. Among the chief reasons for its widespread application is the comparative statics they develop between the extent of strategically transmitted information and the degree of conflict in the two players’ preferences...
This paper studies a model of strategic communication by an informed and upwardly biased sender to one or more receivers. Applications include situations in which (i) it is costly for the sender to misrepresent information, due to legal, technological, or moral constraints, or (ii) receivers may be credulous and blindly believe the sender's recommendation. In contrast to the predictions obtained in...
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