According to the news model of asset price determination, only the unexpected component of an information should drive … price. To disentangle gross news from net news, betting odd information is used to control for the expected match outcome. …

implementable if the supervisor′s information was public is also implementable when this information is private and collusion is … possible. To implement a given SCF we propose a one-sided mechanism that endogenously creates private information for the … supervisor vis-à-vis the agent, and conditions both players′ payoffs on this endogenous information. We show that in such a …

information threatens this benefit. Crowdfunding's after-markets enable consumers to actively implement deferred payments and …

apply the reversed news model. We elaborate on whether new information can explain subsequent changes in the stock price. We …

spreads are inversely related to a trade’s likely information content. Second,the paper suggests three potential sources for … the pattern of customer spreads, two of which rely onthe information structure of the market.[...] …

levels to spending on early and primary education. Effects of information provision persist over a two-week period in a …