Showing 1 - 10 of 92
incomplete information. We present a tractable noisy dynamic coordination game with social learning and costs to delay. We show …This paper studies how the introduction of social learning with costs to delay affects coordination games with … of analogous static coordination games explicates the role of social learning. The analysis is carried out for both …
Persistent link: https://www.econbiz.de/10010884536
positive, though imperfect, information sells for the same number of periods whether her information is private or public. We …
Persistent link: https://www.econbiz.de/10010746467
The recent work on misallocation argues that aggregate productivity in poor countries is low because various market frictions prevent marginal products from being equalized. By focusing on such allocative inefficiencies, misallocation is construed as a purely static phenomenon. This paper argues...
Persistent link: https://www.econbiz.de/10010884565
This paper considers the impact of financial contracting on growth by exploring a model where entrepreneurs initially do R&D but subsequently need both outside investors to provide funds for capital investments and outside mangers to operate the firm efficiently some time after assets are in...
Persistent link: https://www.econbiz.de/10010744895
information on code contributions and project membership, we classify software developers into distinct types and study how …
Persistent link: https://www.econbiz.de/10010745268
information. The model describes the interplay between institutional quality, reputations and the dynamics of international trade …
Persistent link: https://www.econbiz.de/10010745456
We embed a simple contracting model with ex-ante investments in which there is scope for Court intervention in a full-blown open-ended dynamic setting. The underlying preferences of both Courts and contracting parties are fully forward looking and unbiased. Our point of departure is instead the...
Persistent link: https://www.econbiz.de/10010746104
private information. Our analysis encompasses both the cases of competitive and monopolistic liquidity supply. In the optimal …
Persistent link: https://www.econbiz.de/10010746262
that information media fuels the adjustment of meaning given to significant events in contemporary society. A heightened …
Persistent link: https://www.econbiz.de/10010746470
In this paper we introduce concepts that build a theoretical notion of reputation risk and establish the need to extend our approach to managing such risk.. The existing literature on reputation risk has tended to be reactive and focus on immediate business threats rather than trying to...
Persistent link: https://www.econbiz.de/10010746546