That in the Face of Falling Relative Costs of Communications, Firms Will Substitute Information for Inventories, Thereby …

We consider the cost of providing incentives through tournaments when workers are inequity averse and performance … envy depending on the costs of assessing performance. More envious employees are preferred when these costs are high, less …

The concept of Ambiguity designates those situations where the information available to the decision maker is …? The present paper fi…lls these gaps. Speci…fically, it identifi…es those information structures that are incompatible with … information. These are used to give a formal de…finition of Ambiguity and, consequently, to distinguish between ambiguous and …

The Model studies information sharing and the stability of cooperation in cost Research Joint Ventures (RJVs). …