Purpose This study aims to propose the four different typologies for understanding local information. Design …/methodology/approach This study applied a conceptual approach to analyze and clarify how the concept local information can be understood in …, coding was applied to formulate and abstract four typologies for understanding local information with specific focus on the …

Exploiting the heterogeneity in legal constraints on local bank employees' mobility, I show that access to local … information influences banks' modes of expansion. Banks entering a new market typically establish new branches directly when …

evolutionary game with local information. Three factors determine the imitation dynamics of the model: the location and the type of …

regions. These regions are – as predicted by the local information hypothesis – centers of political and financial decision … making. It is revealing that orders from other regions only show a very short-lived but no permanent price impact. Local … information is so important that it carries over from the usually considered market orders to aggressively-priced limit orders too …

regions. These regions are - as predicted by the local information hypothesis - centers of political and financial decision … making. It is revealing that orders from other regions only show a very short-lived but no permanent price impact. Local … information is so important that it carries over from the usually considered market orders to aggressively-priced limit orders too …

inefficient. The literature emphasizes improvements through non-market organizations that harness local information through peer … monitoring. I investigate the complementary question of designing a credit mechanism when local information is limited, disabling … contracts. Finally, the presence of even weak local information implies that the mechanism cannot be successfully used by formal …

As part of Watts and Strogatz\'s small-world model of complex networks, local information mechanisms such as landscape … simulations show that the percentage of weak individuals should be considered significant local information, but vertex degree … a future emphasis on setting and the proportions of specific values of local information related to infection strength …