We study how the skill distribution in an economy responds to changes in wage gaps induced by trade integration. Using administrative data for Denmark (1993-2012), we conduct a two-step empirical analysis. In the first step, we predict changes in wage gaps that are triggered by exogenous trade...

Can public information complement private information acquisition? What are the implicationsfor asset market performance? Our paper investigates by constructing a simple bond market in thelaboratory. Human investors observe public information on default probability and then, beforetrading,...

How does public information on asset payoffs affect private information acquisition and aggregated market information? In turn, how do private information and market information affect asset price volatility and liquidity? What are the roles of information costs and market competitivity? To...

Complementor innovation is an essential form of value co-creation in open platform ecosystems. However, the increasing platform fragmentation, i.e., users in the ecosystem adopting different versions of the platform technologies, has significantly hindered complementor innovation. For instance,...