externalities and so, the option exercise by the Leader generates an “Information Revelation” that benefits the Follower. Moreover …

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. …

We study the role of information exchange, leadership and coordination in team or partnership structures. For this … information on the joint production process. Once individual information is shared, team members decide individually on the effort … such that team members communicate their private information and exert efficient productive efforts on the basis of this …

-out if individuals differ in their propensity for reciprocity and preferences are private information. Not being controlled …

We study political competition in an environment in which voters have private information about their preferences. Our …