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) depends on the level of asymmetric information within supply chains and on the types of contracts between manufacturers and … constant and independent of retailers’ costs. The number of brands is lower (resp. higher) with asymmetric information than … with complete information when contracts are linear (resp. with two-part tariffs). Moreover, the number of brands is always …
Persistent link: https://www.econbiz.de/10010801015
information about their marginal costs choose to produce less differentiated products than retailers with no private information …, in order to increase their information rents. Hence, information asymmetry increases social welfare because it induces …
Persistent link: https://www.econbiz.de/10009151646
information about future profits. Authority gives one player the right to decide first in a pre-defined set of alternatives. In …
Persistent link: https://www.econbiz.de/10005626734
evidence on the effect of income risk and information acquisition on portfolio choice. …
Persistent link: https://www.econbiz.de/10005802098
screening tests (mammography and colonoscopy). In order to study the role of information on the decision to screen, we test … whether the health-education gradient varies with the quality of the information provided by the health care system, as … fact that better educated individuals are more able to process and internalize health related information as provided by …
Persistent link: https://www.econbiz.de/10005750358
. The results suggest that lack of information can explain, at least in part, the impressive rise in female obesity in …
Persistent link: https://www.econbiz.de/10005750385
We build an equilibrium model of prostitution where clients and sex workers choose to demand and supply sex under three legal regimes: prohibition, regulation and laissez-faire. The key feature is the endogenous evolution of the risk as a consequence of policy changes. We calibrate the model to...
Persistent link: https://www.econbiz.de/10009650057
We derive a set of optimal environmental regulations in the presence of asymmetric information about pollution … commits to monitoring of compliance with incentive compatible environmental regulations. The regulator can reveal regulations …
Persistent link: https://www.econbiz.de/10005839174
This note shows that, by reducing agency costs, an environmental regulation may enhance pollution-reducing innovation while at the same time increasing firms'private benefit.
Persistent link: https://www.econbiz.de/10005839187
collateral value is volatile, this incentive leads to rationing and non-competitive interest rates. If banks share information …
Persistent link: https://www.econbiz.de/10005802027