Showing 1 - 10 of 33
Persistent link: https://www.econbiz.de/10010248411
Persistent link: https://www.econbiz.de/10002410738
Persistent link: https://www.econbiz.de/10002567831
We study a dynamic buyer-seller problem in which the good is information and there are no property rights. The potential buyer is reluctant to pay for information whose value to him is uncertain, but the seller cannot credibly convey its value to the buyer without disclosing the information...
Persistent link: https://www.econbiz.de/10014199658
We consider the effect a public revelation of information (e.g. rating, grade) has on signaling and trading in a dynamic model. Competing buyers offer prices to a privately informed seller who can reject these offers and delay trade. This delay is costly and the seller has no commitment to the...
Persistent link: https://www.econbiz.de/10014027801
Collusion under imperfect monitoring is explored when firms' prices are private information and their quantities are public information; an information structure consistent with several recent price-fixing cartels such as those in lysine and vitamins. For a class of symmetric duopoly games, it...
Persistent link: https://www.econbiz.de/10014028165
We characterize optimal selling protocols/equilibria of a game in which an Agent first puts hidden effort to acquire information and then transacts with a Firm that uses this information to take a decision. We determine the equilibrium payoffs that maximize incentives to acquire information. Our...
Persistent link: https://www.econbiz.de/10013124333
We examine a dynamic model of voluntary disclosure of multiple pieces of private information. In our model, a manager of a firm who may learn multiple signals over time interacts with a competitive capital market and maximizes payoffs that increase in both period prices. We show (perhaps...
Persistent link: https://www.econbiz.de/10013065969
Persistent link: https://www.econbiz.de/10003924514
Persistent link: https://www.econbiz.de/10009763719