2. The stylized contracting model accommodates the idea that a wellinformed player might be induced to communicate

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2. The stylized contracting model accommodates the idea that a wellinformed player might be induced to communicate what is privately known. This requires we pay attention to incentives. After all, it would be naive to expect the player to freely give away any privateinformation-

based advantage. In turn, revelation incentives take the form of a commitment to "underutilize" the communicated information.

Explain this general principle of nurturing communication incentives by less than aggressive use of what is communicated.

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