low, the firm offers a pooling contract and no information is ever revealed. In contrast, if this prior probability is …

aggregate information when the population is large, in any equilibrium. Here, we study the performance of large elections with … information is not aggregated. The main driving force is that, everything else equal, voters are more likely to be pivotal if the …

certifier can enable the seller to disclose her private information publicly, as well as gather additional market information …-maximal information-gathering. Thus, optimal contracts eliminate private information but not market uncertainty; even though the latter … would be costless, it is suboptimal as it requires excessive information rents to the seller. Thus, market inefficiencies …

the disclosure of information. The principal aims at maximizing the (discounted) number of times the agent chooses the … action and discloses information as a reward in the next period, until either this action becomes statically optimal for the …

We study equilibrium behavior in incomplete‐information games under two information constraints: seeds and spillovers …. The former restricts which agents can initially receive information. The latter specifies how this information spills over … additional assumptions about the agents' initial information. This involves deriving a "revelation‐principle" result for settings …

This paper analyzes the welfare effects of private and unilateral disclosure of sensitive information in a sequential … about the buyer's willingness to pay and optimize her pricing strategy. The welfare effects caused by this information … him if an acceptance is revealed. Additionally, the information exchange improves the societal welfare by reducing …

resources based on the grounded theory. The information of this research has been collected using joint interviews with the …