The stylized contracting model accommodates the idea that a well-informed player might be induced to communicate what
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The stylized contracting model accommodates the idea that a well-informed 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 private-information-based advantage. In tum, 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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