analyzes the influence of diffusion of costs in threshold public good games under incomplete information, and compares …

seniors will not deliberately choose bad candidates if the only information asymmetry between the owner and the recruiter … information asymmetry between the owner and the senior employee regarding additional aspects of firm operations, however, moral …

agents have unobservable intrinsic motivation levels. I show that the non-contractibility of effort (asymmetric information …

A rational-expectations equilibrium with positive demand for financial information does exist under fully revealing … average portfolio demand information in equilibrium if they can adjust portfolio size. More information diminishes the … endowments strongly differ from the average portfolio are worse off. Under fully revealing price, information market equilibria …

When the information used by a principal to monitor an agent is private, and thus non-verifiable by a third party, the … information in order to collect a monetary penalty from him. Restoring credibility may lead to an extreme waste of resources … efficient outcome is feasible by exploiting the timing of private information. If the private information arrives before the …

We investigate whether the simple plurality rule aggregates information efficiently in a large election with three …. With two alternatives and strategic voters, the simple plurality rule aggregates information efficiently in elections with … well, including those in which voters vote informatively. -- efficient information aggregation ; simple plurality rule …

shown to have a significant nonlinear impact on the transmission of information - modelled using a semi-parametric partially …