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The Effect of Information Disclosure on Demand for High-Load Insurance

Ragin, Marc A. - 2020

high-load insurance against modest stakes risks. Mandatory information disclosure is a potentially attractive public policy … tool that might improve consumers' choices, but has not been widely tested in insurance settings. We conduct an incentive …-compatible insurance demand experiment in which we manipulate the information disclosed to subjects. We test whether any of the three most …

Persistent link: https://www.econbiz.de/10012850466

The multi-faceted concept of transparency

Forssbæck, Jens; Oxelheim, Lars - 2014

Transparency has become a catchword and in the economic-political debate is often seen as a universal remedy for all sorts of problems. In this paper, we analyze and discuss the meaning and use of the concept of transparency in economic research. We look for common denominators across different...

Persistent link: https://www.econbiz.de/10010393290

The forward-looking disclosures of corporate managers : theory and evidence

Gropp, Reint; Karapandža, Raša; Opferkuch, Julian - 2016

We consider an infinitely repeated game in which a privately informed, long-lived manager raises funds from short-lived investors in order to finance a project. The manager can signal project quality to investors by making a (possibly costly) forward-looking disclosure about her project's...

Persistent link: https://www.econbiz.de/10011504350

The forward-looking disclosures of corporate managers : theory and evidence

Gropp, Reint; Karapandža, Raša; Opferkuch, Julian - 2016

Persistent link: https://www.econbiz.de/10011506852

Optimal leverage and transparency

Trigilia, Giulio - 2017

I consider the role of firm transparency in shaping its capital structure. In a costly-state-verification model, the optimal capital structure can be implemented by a mixture of debt and outside equity. Consistent with empirical evidence, leverage decreases with both past and expected...

Persistent link: https://www.econbiz.de/10011800836

Mandatory vs. Voluntary Disclosure in Markets with Informed and Uninformed Customers

Fishman, Michael J.; Hagerty, Kathleen M. - 1997

Numerous rules mandate the disclosure of information. This article analyzes why such rules are enacted. Specifically, 1) why wouldn't firms voluntarily disclose their private information; and 2) given that voluntary disclosure would not be forthcoming, who has the incentive to lobby for...

Persistent link: https://www.econbiz.de/10014101521

Voluntary Disclosure in Asymmetric Contests

Ewerhart, Christian; Lareida, Julia - 2021

This paper studies the incentives for interim voluntary disclosure of verifiable information in probabilistic all-pay contests. Provided that the contest is uniformly asymmetric, full revelation is the unique perfect Bayesian equilibrium outcome. This is so because the weakest type of the...

Persistent link: https://www.econbiz.de/10013251018

Informational Uniqueness, Corporate Disclosure, and Information Environment

Chau, Jacky - 2016

The study examines how the lack of comparable public peers (“informational uniqueness”) is related to a firm's disclosure policy and information environment. Having less information spillover from other public firms may present an information deficiency if it is not compensated by other...

Persistent link: https://www.econbiz.de/10012996306

Optimal Financing and Disclosure

Szydlowski, Martin - 2016

How does a firm's disclosure policy depend on its choice of financing? In this paper, I study a firm that finances a project with uncertain payoffs and jointly chooses its disclosure policy and the security issued. I show that it is optimal to truthfully reveal whether the project's payoffs are...

Persistent link: https://www.econbiz.de/10012998440

Costly Voluntary Disclosure with Negative Expected Value Suits

Farmer, Amy - 2016

A standard result in the litigation literature is that the informed party will not make a costly voluntary disclosure in a screening game. We develop a screening game in which an uninformed plaintiff makes an offer to an informed defendant. Under the American rule for the allocation of trial...

Persistent link: https://www.econbiz.de/10013002592