information sharing. In any case, consumer welfare is reduced. Our model also helps to understand why access to the system is not …-step signalling model with uninformed agents and endogenize competing principals' decisions to acquire information on risk types. We …

others. This paper presents a controlled experiment showing that this "curse of knowledge" can cause comparative …

predictions of a model by combining the real auction environment (eBay auction platform and eBay traders) with the techniques of … prices below those expected in second price auctions. Our proposed extension of the model results not only in a better fit of … according to this information in the direction predicted by the model. They increase their BIN price when facing a population of …

welfare-enhancing effect of compulsory information disclosure. Hence, the EU Transparency and the EU Takeover-Bid Directive … should both be welfare enhancing. …

laboratory experiment (N = 444) tests behavioral predictions derived from the model. In the experiment, nature randomly … undeliberate kindness and its affect on principals reciprocal behavior. To this end, we firstly introduce a theoretical model …

in the form of cash or in kind? In an occupational choice model, we show (a) every competitive equilib- rium is interim …