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statistics. They are the enterprise definition and the social security definition. Further, contributions of individual and job … informality. The study suggests that preference should be given to social security definition of labor informality for a more …
Persistent link: https://www.econbiz.de/10010886146
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 …
Persistent link: https://www.econbiz.de/10010927917
This paper studies the influence of information on entry choices in a competition with a controlled laboratory … experiment. We investigate whether information provision attracts mainly high productivity individuals and reduces competition … productivity. Information on the opponent is a promising nudge to raise individuals' awareness towards the complexity of the …
Persistent link: https://www.econbiz.de/10011279246
We investigated experimentally whether people can be induced to believe in a non-existent expert, and subsequently pay for what can only be described as transparently useless advice about future chance events. Consistent with the theoretical predictions made by Rabin (2002) and Rabin and Vayanos...
Persistent link: https://www.econbiz.de/10011279343
The paper analyzes the effects of strategic behavior by an insider in a price discovery process, akin to an information …
Persistent link: https://www.econbiz.de/10005245578
We consider a model where agents work in sequence on a project, share information not available to the principal, and …
Persistent link: https://www.econbiz.de/10005245587
and public information). In the case of private value, it is well-known that the Vickrey auction (for one good) or its … buyer's valuation can depend on other buyers' private information (the case of "common" or interdependent values … buyer's information can be represented as a one-dimensional signal (proposition 1 and 2). …
Persistent link: https://www.econbiz.de/10005245615
This paper looks at implementation in economic environments when agents have perfect information about the state of the …
Persistent link: https://www.econbiz.de/10005245625
Persistent link: https://www.econbiz.de/10005345982
Persistent link: https://www.econbiz.de/10005346016