theoretical results using a national sample of U.S. establishments, which includes information on employee selection. We find that …

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 …