The 'ratchet effect' refers to a situation where a principal uses private information that is revealed by an agent …

Empirical literature on moral hazard focuses exclusively on the direct impact of asymmetric information on market …

academic outlets. We study this phenomenon using information from 46,000 researchers seeking promotion in Italian academia …' journals may reflect the existence of severe information asymmetries in scientific evaluations …

Wage determination under asymmetric information generates inefficiencies due to excess turnover. Severance pay and … taxes in the case where the relevant private information is exponentially distributed …

information about worker ability as the incumbent firm. I develop a model of asymmetric learning that nests the symmetric learning … find strong support for asymmetric information.I first exploit the fact that groups of workers differ in their variances in … interest in my model representing the degree to which information is asymmetric. My estimates imply that in one period, outside …

In markets with asymmetric information between sellers and buyers, feedback mechanisms are important to increase market …

hypothesis. This paper presents an alternative theory of abortion access and marriage based on asymmetric information, which …

of labor migration, only a handful discusses asymmetric information across transnational labor markets despite agreement … this phenomenon based on asymmetric information in the host country labor market. We focus on the design of a contract menu …