appropriate information provision enhances efficiency. We discuss extensions of the model and argue that subsidies may be a … property of a signalling equilibrium to overcome credibility problems in information provision. In addition we point out … possible problems with overreaction to public information. Furthermore, we suggest a new focus for development policy. …

to contribute to the team output. We vary the type of information the second mover receives prior to his effort choice …

This paper studies a principal-agent relation in which the principal's private information about the agent's effort … and not on the public signal. Nonetheless, public information is valuable as it facilitates truthful subjective evaluation …

laboratory experiment we test the different theories by systematically varying information conditions. We find significant … effects of seemingly innocent changes in information. Moreover, the generalized imitation model predicts the differences …

an information item that he is the only player to hold. Players are offered a ?nite number of periods to centralize the … offered an additional reward that he keeps for himself. In this framework where information transmission is strategic and … physically restricted, we provide a necessary and suffcient condition for a group to pool information items in every equilibrium …

measures, I argue that subjective evaluations might sometimes also be used to withhold information from the worker. I … furthermore argue that withholding information is particularly important under circumstances where the credibility issue is small …