information. These are used to give a formal de…finition of Ambiguity and, consequently, to distinguish between ambiguous and …The concept of Ambiguity designates those situations where the information available to the decision maker is …? The present paper fi…lls these gaps. Speci…fically, it identifi…es those information structures that are incompatible with …

systematic, time-varying component of liquidity. At the moment, neither the inventory-based, nor the asymmetric information …

horizon, and we assess the magnitudes of such errors. A model due to Ohlson (1995) specifies the information environment …. Forecasting of future financial outcomes depends on two kinds of information: current accounting data - earnings, book value, and … dividend - and "other", idiosyncratic, information. …

The Model studies information sharing and the stability of cooperation in cost Research Joint Ventures (RJVs). …