introduced by the presence of moral hazard naturally depends on the information structure in the economy; it is cheaper to induce … correct incentives in a society which possesses better ex-post information. The degree of ex-post information depends on the … number of projects and entrepreneurs in the economy; the more projects, the better the information. This implies that in the …

Incomplete information in the international market creates difficulty in matching agents with productive opportunities … not be eliminated and domestic resource supplies may have excessive influence on domestic resource prices. Information … at the same time they may hurt those excluded from the preferential information channels. When ties are denser between …

information is endogenous, and jointly determined with policy opinions. We therefore estimate a causal effect of information, with … effect of better information on the willingness to accept reforms that reduce the generosity of the pension system. Finally … we do not find that exposure to media coverage of pension issues significantly improves information, possibly because …

This Paper analyses the effect of a possible takeover on information flows and on the terms of trade in business …