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In this paper we employ the Kullback Information apparatus in (a) obtaining the strong consistency of the maximum …
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tying a product of established quality to one of unknown quality may mitigate the problem of asymetric information … encountered in the latter market. Leveraging reputation in one market to provide information about product quality in a second …
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troubled with imperfect information. Therefore it is no surprise that free markets and spot contracts do not lead to an … necessary to solve the problems of imperfect information in this context. …
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In this paper, we construct a joint production model of health with two-sided asymmetric information and ask the …
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