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Persistent link: https://www.econbiz.de/10011289067
We consider the problem of valuing inputs in a production environment in which input supply is uncertain. Inputs can be workers in a firm, risk factors for a disease, securities in a financial market, or nodes in a networked economy. Each input takes its values from a finite set, and uncertainty...
Persistent link: https://www.econbiz.de/10012980207
Persistent link: https://www.econbiz.de/10010396150
harmed by leakage and misuse of the shared information. I analyze the effect of enhancing privacy in the presence of two … opposing forces: network effects and informational interdependencies. I show that two privacy enhancements — reducing the … information sharing, and that although they always seem beneficial to non-strategic users, both privacy enhancements may backfire …
Persistent link: https://www.econbiz.de/10012963986
This study investigates how region-specific shocks affect international behavior of individuals when information is partially or scarcely spread across the border. We use both local and international tourist data pertaining to Hakone in Japan, to focus on two exogeneous region-specific shocks of...
Persistent link: https://www.econbiz.de/10013220165
This paper develops a dynamic industry model in which firms compete to acquire customers over time by disseminating information about themselves under the presence of random shocks to their efficiency. The properties of the model's stationary equilibrium are related to empirical regularities on...
Persistent link: https://www.econbiz.de/10013139261
In this paper we build a formal model to study market environments where information is costly to acquire and is of use also to potential competitors. In such situations a market for information may form, where reports - of unverifiable quality - over the information acquired are sold. A...
Persistent link: https://www.econbiz.de/10003720829
This article develops a Bayesian persuasion model examining a manager's incentives to gather information when the manager can disseminate this information selectively to interested parties (“users”) and when the objectives of the manager and the users are not perfectly aligned. The model...
Persistent link: https://www.econbiz.de/10012854767
Under which circumstances do oligopolists have an incentive to share private information about a stochastic demand or stochastic costs? We present a general model which includes virtually all models of the existing literature on information sharing as special cases. The analysis reveals that in...
Persistent link: https://www.econbiz.de/10012771171
In this paper we build a formal model to study market environments where information is costly to acquire and is of use also to potential competitors. In such situations a market for information may form, where reports - of unverifiable quality - over the information acquired are sold. A...
Persistent link: https://www.econbiz.de/10013316507