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Distribution and Use of Knowledge Under the 'Laws of the Web'

Falkinger, Josef - 2021

Empirical evidence shows that the perception of information is strongly concentrated in those environments in which a mass of producers and users of knowledge interact through a distribution medium. This paper considers the consequences of this fact for economic equilibrium analysis. In...

Persistent link: https://www.econbiz.de/10013316668

Learning and Information Transmission within Multinational Corporations

Chen, Cheng - 2020

We propose that multinational firms learn about their profitability in a particular market by observing their performance in nearby markets. We first develop a model of firm expectations formation with noisy signals from multiple markets and derive predictions on expectations formation and...

Persistent link: https://www.econbiz.de/10012825991

Agency and communication in IMF conditional lending: theory and empirical evidence

Marchesi, Silvia; Sabani, Laura; Dreher, Axel - 2009

the countries' authorities, openness, and transparency, consistently with the theory. …

Persistent link: https://www.econbiz.de/10010264578

Long persuasion games

Forges, Françoise; Koessler, Frédéric - 2006

This paper characterizes geometrically the set of all Nash equilibrium payoffs achievable with unmediated communication …

Persistent link: https://www.econbiz.de/10010273734

How Communication Makes the Difference between a Cartel and Tacit Collusion : A Machine Learning Approach

Andres, Maximilian; Bruttel, Lisa; Friedrichsen, Jana - 2022

This paper sheds new light on the role of communication for cartel formation. Using machine learning to evaluate free …-form chat communication among firms in a laboratory experiment, we identify typical communication patterns for both explicit … sanctions on communication reinforces the direct cartel-deterring effect of sanctions as collusion is more difficult to reach …

Persistent link: https://www.econbiz.de/10014243096

Distribution and use of knowledge under the laws of the web

Falkinger, Josef - 2007

Persistent link: https://www.econbiz.de/10010264254

Markets for information: of inefficient firewalls and efficient monopolies

Cabrales, Antonio; Gottardi, Piero - 2008

In this paper we build a formal model to study market environments where information is costly to acquire and is of use also to potential competitors. In such situations a market for information may form, where reports - of unverifiable quality - over the information acquired are sold. A...

Persistent link: https://www.econbiz.de/10010264388

Public and private learning from prices, strategic substitutability and complementarity, and equilibrium multiplicity

Manzano, Carolina; Vives, Xavier - 2010

We study a general static noisy rational expectations model, where investors have private information about asset payoffs, with common and private components, and about their own exposure to an aggregate risk factor, and derive conditions for existence and uniqueness (or multiplicity) of...

Persistent link: https://www.econbiz.de/10010270646

Volunteering and the strategic value of ignorance

Morath, Florian - 2011

Private provision of public goods often takes place as a war of attrition: individuals wait until someone else volunteers and provides the good. After a certain time period, however, one individual may be randomly selected. If the individuals are uncertain about their cost of provision, but can...

Persistent link: https://www.econbiz.de/10010274941

Vertical product differentiation when quality is unobservable to buyers

Orosel, Gerhard O.; Zauner, Klaus G. - 2004

We analyze vertical product differentiation in a model where a good's quality is unobservable to buyers before purchase, a continuum of quality levels is technologically feasible, and minimum quality is supplied under competitive conditions. After purchase the true quality of the good is...

Persistent link: https://www.econbiz.de/10010261256

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