to contribute to the team output. We vary the type of information the second mover receives prior to his effort choice …

appropriate information provision enhances efficiency. We discuss extensions of the model and argue that subsidies may be a … property of a signalling equilibrium to overcome credibility problems in information provision. In addition we point out … possible problems with overreaction to public information. Furthermore, we suggest a new focus for development policy. …

laboratory experiment we test the different theories by systematically varying information conditions. We find significant … effects of seemingly innocent changes in information. Moreover, the generalized imitation model predicts the differences …

assessment depends on (i) the information technology, (ii) the role of strategic interactions, and (iii) the disciplinary … mechanism itself. Concerning (i), the question is whether the benefits of multiple sources of information exceed the costs …. Concerning (ii), strategic interactions concern the free-rider problem in acquiring information that benefits all financiers, as …

which some traders have better information on future price volatility. As limit orders have option-like features, this … information is valuable for limit order traders. We solve for informed and uninformed limit order traders’ bidding strategies in …

Certifiers contribute to the sound functioning of markets by reducing a symmetric information. They, however, have been … publicly, whereas if the buyer requests a rating it remains his private information. The model shows that the certifier offers …

electricity markets. The data reject the integration hypothesis: Capacity prices contain too little information about spot price …

We provide several generalizations of Mailath's (1987) result that in games of asymmetric information with a continuum …

private information. Path-dependency can be of two types contingent on whether agents act with the crowd (herding) or against … predecessors were informed, although they cannot observe their private information, while in other cases they are left with the …