This article has extended the Coase theorem to our environment of incomplete information. We have suggested the … existence of efficient trading mechanisms in two alternative information structures. …

This article has extended the Coase theorem to our environment of incomplete information. We have suggested the … existence of efficient trading mechanisms in two alternative information structures. …

objective crime trends could have on such perceptions. The results show that information improves perceptions of safety and … police effectiveness, and lowers distrust in the police. However, the information treatment is not able to impact those with …

Baron and Myerson (1982): the levels of quantity and quality are lower under asymmetric information than under symmetric … information. Unlike their work, however, the price level can be higher or lower under asymmetric information, depending on the …

from such foods dairy products, depend upon the acquired information related to diet and health. This study develops new … health information measures from different sources. The monthly information indexes, constructed for 1980-93, show that the … amount of consumer information related to fat and cholesterol reached to the highest during 1989-90. the empirical …

Suppose competent economists obtain common information on business forecasts, and incompetent economists obtain … independent information. If no one knows who is able, young economists mimic others because a forecast different from others … indicated inability when it proves wrong. An older economist, however, can infer his ability from past information. Those who …