a competitive environment of imperfect information. The integrated model considers a potential target as a shared real … value. The level of information costs and the option value, affected by heterogeneity between bidders (correlation), their …

We identify the conditions under which voters can induce political parties to collect information and to select … voting rule should encourage parties to collect information. Voting rules that focus on the opposition party sometimes … information. However, in contrast to office motivated parties, policy motivated parties will sometimes select policies that …

political process and the production of policy relevant information; on the role played by probing into candidates' past; and on …

Collective decision procedures should balance the incentives they provide to acquire information and their capacity to … aggregate private information. In a decision problem in which a project can be accepted or rejected once information about its … the other agent's vote. This in turn determines the decision to acquire information. In the debate about a rational choice …

the last decade large efforts have been made to increase the availability of information to travelers by means of advanced … traveler information systems (ATIS). This paper reviews economic aspects of information in transport markets. First, I will … discuss information acquisition from an economics perspective by characterizing costs and benefits of information, leading to …