Information asymmetries can prevent markets from operating efficiently. An important example is the labor market, where … three key questions related to hiring via referrals when employees have private information about their productivity. First …

This paper investigates the domestic government's antidumping duty choice in an asymmetric information framework where …

In a standard adverse selection world, asymmetric information about product quality leads to quality deterioration in … quality compared to a market with full information: first, an adverse selection effect according to which a sufficiently large …

We show that a minimum wage introduced in the presence of asymmetric information about worker productivities will lead … information. …

vertical supply relations. Assuming both repeated vertical trade and asymmetric information about production costs, we show … that RPRs may be part of a relational contract, communicating private information from manufacturer to retailer that is …

We study a general static noisy rational expectations model, where investors have private information about asset … information, in relation to the usual public learning channel. When the private learning channel is strong (weak) in relation to … results enable a precise characterization of whether information acquisition decisions are strategic substitutes or …

Who does, and who should initiate costly certification by a third party under asymmetric quality information, the buyer …

strategic value is attached to the information, and individuals may prefer not to learn their cost of provision. If the time … horizon is sufficiently short, in equilibrium only one individual may acquire information about his cost. For a long time … horizon, acquiring information is strictly dominant. The time limit is an important instrument in influencing the efficiency …

measure different types of fraud and to examine the influence of passengers' presumed information and income on the extent of … fraud. Results reveal that taxi drivers cheat passengers in systematic ways: Passengers with inferior information about … optimal routes are taken on longer detours while asymmetric information on the local tariff system leads to manipulated bills …