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This article has extended the Coase theorem to our environment of incomplete information. We have suggested the … existence of efficient trading mechanisms in two alternative information structures. …
Persistent link: https://www.econbiz.de/10008603008
This article has extended the Coase theorem to our environment of incomplete information. We have suggested the … existence of efficient trading mechanisms in two alternative information structures. …
Persistent link: https://www.econbiz.de/10005670106
objective crime trends could have on such perceptions. The results show that information improves perceptions of safety and … police effectiveness, and lowers distrust in the police. However, the information treatment is not able to impact those with …
Persistent link: https://www.econbiz.de/10010943940
The purpose of this paper is to examine how tasks should be allocated in a simple hierarchy consisting of an organizational designer and subordinates, in the framework of a principal-agent relationship with moral hazard.
Persistent link: https://www.econbiz.de/10005780311
The marketing literature refers to the concept of brand capital and provides empirical evidence that firms with a large stock of well-established brands have an advantage in introducing new products. This paper develops a theory of brand extension as a mechanism for informational leverage in...
Persistent link: https://www.econbiz.de/10005780315
Suppose competent economists obtain common information on business forecasts, and incompetent economists obtain … independent information. If no one knows who is able, young economists mimic others because a forecast different from others … indicated inability when it proves wrong. An older economist, however, can infer his ability from past information. Those who …
Persistent link: https://www.econbiz.de/10005780321
The Indian agricultural sector is leveraging the Information and Communication Technologies (ICT) to disseminate the … right information at the right time. The cost factor in face-to-face information dissemination and the difficulties in …
Persistent link: https://www.econbiz.de/10005124931
Some recent empirical works indicate that investor performance and market patterns are primarily information driven … instead of a behavioral phenomenon. However, Grossman and Stiglitz information theory and its variations offer little guidance … in identifying informed investors and in distinguishing between securities with scarce information and those with widely …
Persistent link: https://www.econbiz.de/10005134939
Persistent link: https://www.econbiz.de/10005486467
against malaria in Honduras. The paper additionally analyzes “information externalities” associated with non-specific malaria … information externalities exist, they nonetheless do not deliver adequate levels of knowledge proficiency to induce desirable anti …
Persistent link: https://www.econbiz.de/10005528938