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evaluation such regulations. I argue that, for market performance, more information is not always better; indeed, more …The European Commission is introducing new regulations on submission and publication of data in electricity markets … information may undermine market performance by facilitating behaviour that is either not cost efficient or aims at exercising …
Persistent link: https://www.econbiz.de/10009745912
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
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/10014071900
Regulators often impose rules that constrain the behavior of market participants. We propose a new framework in which to study optimal regulation, representing the policy choice as a delegation problem overlaying a mechanism design problem: a regulator chooses a set of permitted mechanisms to...
Persistent link: https://www.econbiz.de/10012846228
The SEC regulates and standardizes information production in financial markets through financial reporting standards …-level measure of ex ante sensitivity to information regulation and find that the information content of subsequent information … events is higher for sensitive firms. Increased information content comes from negative news, consistent with regulation …
Persistent link: https://www.econbiz.de/10012967756
existence of private information of at least one party; the time is then a discriminating instrument. The paper starts by … general not monotonic in the quality of information. The value of information can be negative over some range as better … information may aggravate the principal`s commitment problem. …
Persistent link: https://www.econbiz.de/10005047880
We propose a deterrence mechanism that utilizes insider information contained in criminal networks. Under this …
Persistent link: https://www.econbiz.de/10013250229
We study buyer-optimal information structures under monopoly pricing. The information structure determines how well the … seller. Motivated by the regulation of product information, we assume that the seller can disclose more if the learning is … imperfect. Extension proof information structures prevent such disclosure, which is a constraint in the design problem. Our main …
Persistent link: https://www.econbiz.de/10012901499
The literature on public goods has shown that efficient outcomes are impossible if participation constraints have to be respected. This paper addresses the question whether they should be imposed. It asks under what conditions efficiency considerations justify that individuals are forced to pay...
Persistent link: https://www.econbiz.de/10010271780
The literature on public goods has shown that efficient outcomes are impossible if participation constraints have to be respected. This paper addresses the question whether they should be imposed. It asks under what conditions efficiency considerations justify that individuals are forced to pay...
Persistent link: https://www.econbiz.de/10004979415