Theoretical Economics

Journal of the Econometric Society

Edited by: Federico Echenique • ISSN (e): 1555-7561 • ISSN (print): 1933-6837

Theoretical Economics: May, 2026, Volume 21, Issue 2

Strategic disclosure in networks

https://doi.org/10.3982/TE6446
p. 467-499

Francesco Squintani

I study strategic transmission of verifiable information through intermediaries, and find that equilibrium full disclosure requires that all players are biased in the same direction relative to the decision maker. By embedding this strategic disclosure game into networks, I explore the intersection of information transmission in networks and strategic communication—two major economic theory research strands. When each networked player may hold information useful for any other's decision, I find that the unique ex ante optimal network is a line where players are ordered by their bliss points. This is also the unique network immune to coalitional deviations.


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