funds, this paper finds evidence suggesting that hedge fund investors rationally anticipate future hedge fund performance … forecasting power for increases (decreases) in hedge fund performance, over and above other well-known forecasting variables. This … information in investor demand co-exists with the presence of capacity constraints in hedge fund returns, confirming two main …

for private information. We charac terize optimal mechanisms and analyze specific programs often used during banking …

We survey the recent literature on the role of information in mechanism design. First, we discuss an emerging … literature on the role of endogenous payoff and strategic information for the design and the efficiency of the mechanism. We … specifically consider information management in the form of acquisition of new information or disclosure of existing information …

We consider the role of asymmetric information on the emergence of collusion between criminals and enforcers, in the …

We study the impact of information revelation on efficiency in auctions. In a constrained-efficient mechanism, i.e. a … mechanism that is efficient subject to the incentive-compatibility constraint, any additional information available to bidders …-price sealed-bid auction, revelation of information might lead to efficiency losses. …

New Economy is one where the economics of digital goods importantly influence aggregate economic performance. This Article …

market performance under monopoly versus oligopoly. If consumers have to choose once where to shop we show that under all …

-term contracts sacrificing managerial selection may be optimal at early stages of economic development and when access to information …

contains enough information to estimate the structural shocks with a VAR model. Based on such conditions, we suggest a … are not informationally sufficient. When adding missing information, the effects of technology shocks change dramatically. …