Showing 1 - 10 of 379
This paper investigates how information affect voting behaviour. There exist a large literature suggesting that … voters can not make up for their lack of information using shortcuts. Furthermore, the errors uninformed voters make do not …
Persistent link: https://www.econbiz.de/10010321387
We experimentally study the effect of information about competitors' actions on cartel stability and firms' incentives … information is available and participants cannot communicate. In contrast, when communication is possible, results reverse …: Markets become less competitive and cartels become more stable when individualized information is available. We also observe …
Persistent link: https://www.econbiz.de/10011288400
theoretical model assuming, first, that the amounts given is private information, only known to the donor and the donee, while the … amounts bequeathed is public information. Second, we assume that parents care about the reputation that their bequest behavior …
Persistent link: https://www.econbiz.de/10010321811
This paper uses Reuters exchange rate data to investigate thecontributions to the price discovery process by individual banks in theforeign exchange market. We propose multivariate time series models aswell as models in tick time to study the dynamic relations between thequotes of individual...
Persistent link: https://www.econbiz.de/10010324605
Collective decision procedures should balance the incentives they provide toacquire information and their capacity to … aggregate private information. In a decisionproblem in which a project can be accepted or rejected once information about its … the other agent's vote.This in turn determines the decision to acquire information. In the debate about a rationalchoice …
Persistent link: https://www.econbiz.de/10010324768
In this paper, we analyze the interaction between an incumbent firm's financial contract with abank and its product market decisions in the face of the threat of entry, in a dynamic model.The main results of the paper are: there exists a separating equilibrium with no limit pricing; thelow-cost...
Persistent link: https://www.econbiz.de/10010324775
political process and the production of policy relevant information; on the role played by probing into candidates' past; and on …
Persistent link: https://www.econbiz.de/10010324884
and the firm can base its incentive payments on good information. Competition, however, may allow themarket and explicit …
Persistent link: https://www.econbiz.de/10010325071
We identify the conditions under which voters can induce political parties to collect information and to select … voting rule should encourage parties to collect information. Voting rules that focus on the opposition party sometimes … information. However, in contrast to office motivated parties, policy motivated parties will sometimes select policies that …
Persistent link: https://www.econbiz.de/10010325256
advanced traveller information systems (ATIS). We examine the properties of the information market, and in particular, the … relationship between monopoly information pricing and road system efficiency. From model experiments, we find that increasing … information penetration will lead to negative external effects for the already informed drivers. Furthermore, monopoly information …
Persistent link: https://www.econbiz.de/10010325554