information, equilibria are efficient, and we determine the degrees of specialization under which the specialized insurers are …

This Paper analyses the effect of a possible takeover on information flows and on the terms of trade in business …

propriétés du contrat optimal qui lie l’information révélée par l’expert à travers sa recommandation à une règle de décision et à … un transfert monétaire. Avec une utilité de réservation de l’expert dépendante de son information, nous montrons … notamment que, dans le cas général, le contrat optimal proposé par le décideur ne dépend pas toujours de l’information privée de …

. We compare the predictions with those of adverse selection models. We give results on the value of information when …

external agent earns information rent from private information about production costs. The principal cannot fully extract … principal has full information on production costs. Our theory proposes a new trade-off, one between information rent under …

and asymmetric information models. Sufficient conditions for monotonicity of solutions are also given. The proofs are very …

In this paper we show that unlike in Bayesian frameworks asymmetric information does matter and can explain differences … in common knowledge decisions due to ambiguous character of agents' private information. Agents share a common …-but-not-necessarily-additive prior beliefs represented by capacities. It is shown that, if each agent's information partition is made up of unambiguous …