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We analyze the rationale for hiding information in open auction formats. In particular, we focus on the incentives for a bidder to call a price higher than the highest standing one in order to prevent the remaining active bidders from aggregating more accurate information that could be gathered...
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Although the technological approach of Knowledge Management (KM) is greatly shared, without awareness, when elaborating KM initiative’s strategy, we can confuse the notions of information and knowledge, and disregard the importance of individual’s tacit knowledge used in action. Therefore,...
Persistent link: https://www.econbiz.de/10008500185
L’objectif de cet article est de tester le pouvoir informationnel du capital immatériel dans un contexte d’introductions en bourse. Les résultats de ce travail montrent que ce capital immatériel contribue significativement à la stratégie de signalisation desentreprises technologiques...
Persistent link: https://www.econbiz.de/10008532569
Whereas the spatial integration has already been examined in commodity markets, empirical tests on temporal integration have never been carried out. Relying on the “preferred habitat” theory, which is applied to the crude oil market, this article investigates whether this market is segmented...
Persistent link: https://www.econbiz.de/10008532719
We study imperfect competition between insurers in a multiple-risk environment. In the absence of asymmetric information, equilibria are efficient, and we determine the degrees of specialization under which the specialized insurers are able or unable to capture the surplus. We show in contrast...
Persistent link: https://www.econbiz.de/10008773599