between public and private blockchains, because their economic properties are contrasted. Moreover, governance issues in … public blockchains seem to indicate that the technology alone cannot guarantee trust. …

We investigate how heterogeneous social preferences affect the communication of painful information in social … because revealing the latter would signal that they are selfish, thereby leading to a loss of trust. We also find that … intact social relationship. Moreover, there may be multiple equilibria with different degrees of information disclosure and …

cognitive, but not on affective well-being, which we interpret as a loss in identity utility. Living in a partnership …

We model firms’ quality disclosure and pricing in the presence of cursed consumers, who fail to be sufficiently ….e. mandatory disclosure, third party disclosure and consumer education may all increase exploitation and decrease welfare. Even …

disclosure or introducing a derivatives market may backfire, aggravating fragility (in particular when the asset side of a …

Disclosure is widely regarded as a necessary condition for market discipline in a modern financial sector. However, the … determinants of disclosure decisions are still unknown, particularly among banks. This paper investigates the determinants of … disclosure by Japanese Shinkin banks in 1996 and 1997. This period is unique because disclosure of non-performing loans was …

inventors. Our results generalize the evidence of previous studies that show how migrant inventors “import” knowledge from their … knowledge across nations. …

present evidence of a trade-off between distance to the headquarters and the knowledge intensity of the foreign subsidiary … headquarters is, on average, about one percent higher in the knowledge intensity scale. I find no evidence of the knowledge …. The findings suggest that lower barriers to real-time communication within the multinational corporation play an important …