This paper tests to what extent the Hong and Stein (1999) model explains the stock price performance of firms filing for Chapter 11 bankruptcy. In line with the model’s main prediction, I find that the market severely misprices (correctly prices) the bankrupt firms for which information is...

Recent studies have focused on models to simulate the complex phenomenon of evolution of species. Several studies have been performed with theoretical models based on Darwin’s theories to associate them with the actual evolution of species. However, none of the existing models include the...

This paper analyzes the problem of matching heterogeneous agents in a Bayesian learning model. One agent gives a noisy signal to another agent, who is responsible for learning. If production has a strong informational component, a phase of cross-matching occurs, so that agents of low knowledge...

Eggs have been important elements of cooking and nutrition in Indonesia for centuries, mostly supplied from ducks and backyard chickens. Consumption of layer eggs has increased 12-fold over the past 30 years, and prices are lowered in central areas of the country. In the outer islands, however,...

This paper reports on findings from the first stage of an exploratory study into the factors that influence the diffusion of ontologies in the Road Asset Management sector in Australia. The study investigates issues related to the diffusion of standard information models (taxonomies, road...