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

differ as these societies have access to different amounts of information. This lack of information makes it hard to give the … right incentives to managers and entrepreneurs. We argue that differences in the amount of information arise because of the … poor economies, thus insufficient information to set the appropriate standards for firm performance. The model predicts a …

information on the value of the IV. This leads to violation of the exclusion restriction. We analyze this in a dynamic economic …

for private information. We charac terize optimal mechanisms and analyze specific programs often used during banking …

We survey the recent literature on the role of information in mechanism design. First, we discuss an emerging … literature on the role of endogenous payoff and strategic information for the design and the efficiency of the mechanism. We … specifically consider information management in the form of acquisition of new information or disclosure of existing information …

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 …

-Coate (1997)) to an asymmetric information setting, in which the type of a given individual is assumed to be private information … for a number of (potential) candidates at most equal to three. This is in sharp contrast with the complete information …

information and correlated between them. The principals benchmark their agents against each other by making the same offers in the …

Does information about rampant political corruption increase electoral participation and the support for challenger … parties? Democratic theory assumes that offering more information to voters will enhance electoral accountability. However, if … increased support for challengers and higher political participation. We provide experimental evidence that information about …