Showing 1 - 10 of 303
This survey paper examines various information insufficiencies in biodiversity conservation and their impact of … information, and 4) monitoring problem. The consequences of these four types of information insufficiencies on the choice of …
Persistent link: https://www.econbiz.de/10011602463
all, in a sense to be made precise. -- Asymmetric Information ; Learning by Doing ; Regulation …
Persistent link: https://www.econbiz.de/10003892452
This paper analyzes the implications of those types of interventions that affect misreporting costs. I study a model of communication between an uninformed voter and a media outlet that knows the quality of two competing candidates. The alternatives available to the voter are endogenously...
Persistent link: https://www.econbiz.de/10013463792
This paper examines the investment and financial decisions of a sample of 92 EU regulated utilities, taking into account key institutional features of EU public utilities, such as: a) regulation by agencies with various degrees of independence; b) partial ownership of the state in the regulated...
Persistent link: https://www.econbiz.de/10008729094
It is believed that privatizations substantially contributed to boost stock markets through the 1980s and 1990s. However, trough which channels did that materialize? We test whether privatizations improving households' acquaintance with the risk and return characteristics of stocks through the...
Persistent link: https://www.econbiz.de/10011599002
overcoming asymmetric information problems at no cost. This paper characterizes efficient protocols assuming that: (i) some …
Persistent link: https://www.econbiz.de/10013463790
investigate their capital market implications in the United States by looking at price and trade reactions, information asymmetry … information in stress tests, especially at times of financial distress. Moreover, public disclosure seem to help reduce … private incentives to generate information or to have led to distorted incentives. …
Persistent link: https://www.econbiz.de/10011405281
-setting by a political principal faced with a firm with unknown costs, and endowed with an information-gathering technology whose … regulators are more likely the less efficient is the information-gathering technology, the less stringent are the investment …
Persistent link: https://www.econbiz.de/10008772370
's private information, unknown either to the regulator or to the rival firms. We characterize the unregulated market outcome …. Although joint conduct of the activities generates scope economies, it also entails private information, so that regulation is … ; Competition ; Asymmetric Information ; Conglomerate Firms ; Multiutility ; Scope Economies ; Informational Externality …
Persistent link: https://www.econbiz.de/10008811378
Today, the global pharmaceutical product value chain is becoming increasingly complex and this has led to the emergence of 'multiple quality standards' for medicines. But this non-uniformity in the quality of medicine is also contingent upon both the regulatory milieu in the country of...
Persistent link: https://www.econbiz.de/10011337690