Showing 1 - 10 of 54
Persistent link: https://www.econbiz.de/10012181953
I consider a flexible framework of strategic interactions under incomplete information in which, prior to committing their actions (consumption, production, or investment decisions), agents choose the attention to allocate to an arbitrarily large number of information sources about the primitive...
Persistent link: https://www.econbiz.de/10010476378
I study the properties of optimal long-term contracts in an environment in which the agent.s type evolves stochastically over time. The model stylizes a buyer-seller relationship but the results apply quite naturally to many contractual situations including regulation and optimal...
Persistent link: https://www.econbiz.de/10003782114
Persistent link: https://www.econbiz.de/10001765364
Persistent link: https://www.econbiz.de/10002114565
Persistent link: https://www.econbiz.de/10002524569
Persistent link: https://www.econbiz.de/10002526332
Persistent link: https://www.econbiz.de/10002737378
Persistent link: https://www.econbiz.de/10002804665
This paper analyzes equilibrium and welfare for a tractable class of economies (games) with externalities, strategic complementarity or substitutability, and heterogenous information. First, we characterize the equilibrium use of information; complementarity heightens the sensitivity of...
Persistent link: https://www.econbiz.de/10014194474