the inflationary process and to an assessment of the contribution of monetary policy to the achievement of long-term price …

information in investor demand co-exists with the presence of capacity constraints in hedge fund returns, confirming two main …

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

argue that these findings reflect a situation in which Southern banks have a monopoly of information concerning local firms …

of the BN decomposition when the information set includes other I (1) and/or stationary variables. We show that the … relative importance of the cyclical component depends on the information set, and in particular that multivariate BN … information set includes a variable which Granger-causes output. We illustrate the results for post-war data for the United States. …

-tech groups and direct information on each firm’s access to bank credit, high-tech firms are found to be more likely to be credit …

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 …

We consider the role of asymmetric information on the emergence of collusion between criminals and enforcers, in the …

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 …