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Informal exchange of information among competitors has been well-documented in a variety of industries, and one … stronger effect on information ows than reducing environmental uncertainty (about the competitor's ability). We further show …
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) private information with sequential, two-way communication. In the first stage, the buyer communicates her private preferences …
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This paper studies how information control affects incentives for collusion and optimal organizational structures in … productive agent's private information and the supervisor and agent may collude. I show that the principal optimally delegates …
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We construct a dynamic model of two-sided sorting in labor markets with multi-dimensional agent and firm heterogeneity. We apply it to study optimal party structure and the decision of how (de)centralized candidate recruitment should be. Parties are non-unitary actors and compete at the local...
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