When information on longevity (survival functions) is unknown early in life, individuals have an interest to insure …

apparent risk experience divergence in risk levels over time. The information structure is modeled in three alternative ways …

Matching mechanisms are regarded as an important instrument to bring about Pareto optimal allocations in a public good … interior matching equilibrium, however, emerges only under very special conditions. But we show in this note that corner … results by a simple numerical example. -- public goods ; matching ; Pareto optimality …

signaling game between the third party and her ally's enemy where preferences do not satisfy the single-crossing condition … information about the strength of her ally's enemy can be strategically exploited by the enemy through pronouncements that would … information to the third party. In some cases, the third party and her ally are strictly better off if the third-party's decision …

information. The absence of the signaling effect seems related to the perception of managers' intentions, a mitigating but … evidence for the hypothesized signaling effect. Having an informed manager set the incentive does not change employees' be …