Showing 1 - 10 of 479
"lost" to such a degree that bringing forward even more inferior information was optimal. A single individual had little … by holding back their information strongly and significantly increased. …
Persistent link: https://www.econbiz.de/10012432144
with some initial information about the parameter and, in addition, is able to receive further information from their … information structure and on the possible pieces of information that can be gathered under the network. Then, I explore how …
Persistent link: https://www.econbiz.de/10011621465
We show that even if information transmission through an honest outside agency is not possible due to the possibility … of collusion between the firms and the outside agency, information transmission is still possible through technology … licensing. However, unlike the case of a cost-free honest outside agency, where information transmission always occurs under a …
Persistent link: https://www.econbiz.de/10012432202
information, full revelation can be supported by using the crosschecking strategy of the buyer if and only if the seller has a … CARA (constant absolute risk aversion) utility function unless the buyer has too much information. In this equilibrium, the … buyer can punish the seller who sends a message far above the buyer's information by ignoring the seller's message …
Persistent link: https://www.econbiz.de/10014636246
are correlated. The DM seeks advice from an agent with private information about the projects' benefits. However, the … transmission of information. The agent typically recommends a project based on private information to dissuade the DM from choosing …. In contrast to the prevailing literature advocating for delegation to biased agents for enhanced information elicitation …
Persistent link: https://www.econbiz.de/10014636248
The rational inattention literature is split between two versions of the model: in one, mutual information of states …
Persistent link: https://www.econbiz.de/10012432524
In a two-sided asymmetric information market, the role of the accuracy of consumers' imperfect and private information …- a higher precision of consumers' private information leads to higher levels of fraud and incidence of fraud, reducing … consumers' welfare. We provide conditions for the public revelation of consumers' private information to be a Pareto improvement. …
Persistent link: https://www.econbiz.de/10012432128
The trade-off between the costs and benefits of disclosing a firm's private information has been the object of a vast … literature. The absence of incentives to share information on a common market demand prior to competition has been advocated to … interpret information sharing as evidence of collusion. Recent contributions have looked at bilateral information sharing …
Persistent link: https://www.econbiz.de/10013171765
problem as a simultaneous non-cooperative game with complete information and rational players, where there are at least two … maximization model in which users’ heterogeneity, information content, and network structure are considered. Contrary to previous … studies, in the proposed game, players find not only the most influential initial nodes but also the best information content …
Persistent link: https://www.econbiz.de/10011848365
attack and share information. Each hacker seeks financial gain, beneficial information exchange, and reputation gain. The two … disadvantaged hacker receives less information, and mixed motives may exist between information sharing and own reputation gain. The … second hacker’s attack is deterred by the first hacker’s reputation gain. Increasing information sharing effectiveness causes …
Persistent link: https://www.econbiz.de/10011708862