primarily on the modeling and analysis of information learning and processing by road users. This simulation tool depicts the … process takes into account drivers' habits formation and information acquisition processes. …

from imperfect information on product quality exists. Countries are characterized by their unequal ability to control …

two-sided asymmetric information setup of Diamond and Dybvig (1983) and Jacklin and Bhattacharya (1988) and a dynamic …

provided. We show that the information provided by additional decision variables is rather weak and often non significant. …

It is well known that, whereas in one-agent contexts the value of information is always positive, in strategic … situations, this is not always the case. We will consider the class of games for which, under a specific information structure … information structure is Pareto dominated by this unique Pareto payoff profile. Therefore for these games the value of information …