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A striking fact about pricing is the prevalence of \sales": large temporary price cuts followedby prices returning exactly to their former levels. This paper builds a macroeconomic modelwith a rationale for sales based on firms facing customers with different price sensitivities.Even if firms...
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motives, the roles and the consequences of the Jesuits as agents of information regarding China affected the European … and transmission of information. It finds that economic progress and political consolidation in Europe did result in a …
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Early modern naturalists were faced with what has been termedthe ‘first bio-information crisis’. A key figure in … tointegrate new information into that order. A way out of thisdilemma was to keep information on particular subjects onseparate …
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information about the quality ofthe provider's expertise, but facilitate good utilization of experts knowledge.In a …rm …, management holds soft information about individuals expertiseand thus improves on the matching of experts to problems; however …) and the quality of matching between problemsand problem solvers (the market provides less information about experts'quality).[...] …
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Changes in information and communication technologieshave increased the offshorability of tasks.As routine tasks (Pol …
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Empirical studies on information communication technologies (ICT) typically aggregate the“information” and … and information,technologies that reduce information costs enable agents to acquire more knowledge and ‘empower … impact of ICT on worker autonomy, plantmanager autonomy and spans of control. Consistently with the theory we find that …
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