laboratory experiment we test the different theories by systematically varying information conditions. We find significant … effects of seemingly innocent changes in information. Moreover, the generalized imitation model predicts the differences …

to contribute to the team output. We vary the type of information the second mover receives prior to his effort choice …

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 provide several generalizations of Mailath's (1987) result that in games of asymmetric information with a continuum …

This paper models the interactions among technological innovation, product market competition and information leakage … technology either early on as a leader or later once stock prices reveal the value of the technology. Information leakage thus … market competition increases the option value of waiting but has an ambiguous effect on information production. It may thus …

Certifiers contribute to the sound functioning of markets by reducing a symmetric information. They, however, have been … publicly, whereas if the buyer requests a rating it remains his private information. The model shows that the certifier offers …

private information. Path-dependency can be of two types contingent on whether agents act with the crowd (herding) or against … predecessors were informed, although they cannot observe their private information, while in other cases they are left with the …

to elicit more information on merger type. …