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We experimentally study the effect of information about competitors ́actions on cartel stability and firms ́incentives … information is available and participants cannot communicate. In contrast, when communication is possible, results reverse …: Markets become less competitive and cartels become more stable when individualized information is available. We also observe …
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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 …
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In this paper, we analyze the interaction between an incumbent firm's financial contract with abank and its product market decisions in the face of the threat of entry, in a dynamic model.The main results of the paper are: there exists a separating equilibrium with no limit pricing; thelow-cost...
Persistent link: https://www.econbiz.de/10011316901
the stock prices of these companies using entropy measures. The entropy and Mutual Information (MI) statistics permit an … analysis of the amount of information within the sentiment series, its relationship to the DJIA and an indication of how the …
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We study the impact of audits on water conservation, distinguishing between the information and technological … ineffective. The information component of the water audit has a large initial impact, but this gradually fades to a drop in … consumption of 2% after 12 months. Technology appears to be more cost-effective than information provision and this can help in …
Persistent link: https://www.econbiz.de/10012427704