increasing in quality and the quality of each firm’s product is private information (not known to consumers or to other firms … close to full information monopoly level) while others are more “competitive”. Under certain conditions, if the number of … firms is large enough, information is revealed in every equilibrium. …

When hiring an adviser (he), a policy maker (she) often faces the problem that she has incomplete information about his … stamp on future policy reduces his incentive to manipulate information. This paper shows that the policy maker's power to …

The paper studies information processing imperfections in a fully rational decision-making network. It is shown that … imperfect information transmission and imperfect information acquisition in a multi-stage selection game yield information …