paper analyzes the role of third party information for VAT enforcement through two randomized experiments among over 400 …

This paper addresses currency competition from an information perspective. Transactions in traditional models do not … convey information, so transaction costs -- the driver of competition outcomes -- are driven by market size. In our model … transactions do convey information (consistent with recent empirical findings). Several important departures arise. First, adding …

There is a growing literature on the differential impact of soft' vs. hard' information on organizational structure and … behavior. This study is an attempt to empirically quantify the value of soft information, using a data-base on the market for … screenplays. Script quality is difficult to estimate without subjective evaluation. Therefore soft information should be an …

deliver as promised. Alternatively, third-party information on retailers' existence, as well as whether they tend to keep … dataset on 1998-99 Internet shopping behavior and use of information intermediaries by over 30,000 households to examine … whether information use undermines brand. We find that individuals who take up using price comparison sites reduce their …

We decompose stock returns into components attributable to tangible and intangible information. A firm's tangible … return is the component of its return attributable to fundamental accounting-performance information, and its intangible … return is the component which is orthogonal to this information. Our evidence indicates that intangible information reliably …

Information is a fundamental component of all financial transactions and markets, but it can arrive in multiple forms …. We define what is meant by hard and soft information and describe the relative advantages of each. Hard information is … quantitative, easy to store and transmit in impersonal ways, and its information content is independent of its collection. As …

education spending and teacher salaries falls sharply when respondents receive information about existing levels. Treatment … effects vary by prior knowledge in a manner consistent with information effects rather than priming. Support for salary … countries could explain Germans' lower support for increases. Information about the tradeoffs between different categories of …

incentives and risk-taking is more nuanced and depends critically on the availability of information about peers' strategies and … outcomes. Indeed, we find that when no peer information is available, relative rewards schemes are associated with … significantly less risk-taking than non-competitive rewards. In contrast, when decision-makers receive information about their peers …

We study the information aggregation properties of unanimous voting rules in the laboratory. In line with theoretical …