Showing 1 - 10 of 720
interim private information to choose retentions and structuring. Ex post speculators trade with rational hedging investors …
Persistent link: https://www.econbiz.de/10009024483
supervisor who can acquire soft information about an agent's productivity. If the supervisor were risk-neutral, the principal … optimal contract trades-off the supervisor's incentives to reveal his information with an insurance motive. This contract can … be identified with the one obtained in a simple hard information model of hierarchical collusion with exogenous …
Persistent link: https://www.econbiz.de/10005114332
information and correlated between them. The principals benchmark their agents against each other by making the same offers in the …
Persistent link: https://www.econbiz.de/10011083946
Does information about rampant political corruption increase electoral participation and the support for challenger … parties? Democratic theory assumes that offering more information to voters will enhance electoral accountability. However, if … increased support for challengers and higher political participation. We provide experimental evidence that information about …
Persistent link: https://www.econbiz.de/10011084114
This Paper analyses the effect of a possible takeover on information flows and on the terms of trade in business …
Persistent link: https://www.econbiz.de/10005662138
differ as these societies have access to different amounts of information. This lack of information makes it hard to give the … right incentives to managers and entrepreneurs. We argue that differences in the amount of information arise because of the … poor economies, thus insufficient information to set the appropriate standards for firm performance. The model predicts a …
Persistent link: https://www.econbiz.de/10005667121
information on the value of the IV. This leads to violation of the exclusion restriction. We analyze this in a dynamic economic …
Persistent link: https://www.econbiz.de/10005792073
We survey the recent literature on the role of information in mechanism design. First, we discuss an emerging … literature on the role of endogenous payoff and strategic information for the design and the efficiency of the mechanism. We … specifically consider information management in the form of acquisition of new information or disclosure of existing information …
Persistent link: https://www.econbiz.de/10005123850
introduced by the presence of moral hazard naturally depends on the information structure in the economy; it is cheaper to induce … correct incentives in a society which possesses better ex-post information. The degree of ex-post information depends on the … number of projects and entrepreneurs in the economy; the more projects, the better the information. This implies that in the …
Persistent link: https://www.econbiz.de/10005136536
for private information. We charac terize optimal mechanisms and analyze specific programs often used during banking …
Persistent link: https://www.econbiz.de/10008468692