We study the impact of information revelation on efficiency in auctions. In a constrained-efficient mechanism, i.e. a … mechanism that is efficient subject to the incentive-compatibility constraint, any additional information available to bidders …-price sealed-bid auction, revelation of information might lead to efficiency losses. …

evidence on the effect of income risk and information acquisition on portfolio choice. …

In an observational learning environment, rational agents with incomplete information may mimic the actions of their …

information and correlated between them. The principals benchmark their agents against each other by making the same offers in the …

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 …

This Paper analyses the effect of a possible takeover on information flows and on the terms of trade in business …

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 …

information on the value of the IV. This leads to violation of the exclusion restriction. We analyze this in a dynamic economic … describe policy evaluation settings in which instrumental variables are likely or unlikely to make sense. For the latter cases …

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 …