supplied information. Outside of the lab, it is difficult to disentangle the effect of the cost of information itself from the … effect of self-selection by individuals who tend to gain the most from this information. We thus create an environment in the … lab where subjects are offered additional, useful and identical information on the state of the world across treatments …

and the firm can base its incentive payments on good information. Competition, however, may allow themarket and explicit … contracts to crowd out implicit insurance, even though the latter yields higher welfare.Integrating the principal-agent and …

be motivated to collect information. Committees improvethe quality of decision-making by providing information and by … decision maker collect the proper pieces of information. Moreover, manipulation ofinformation does not occur if the preferences … composed ofmembers with polarized preferences. Outliers have a strong incentive to search for information. …

a competitive environment of imperfect information. The integrated model considers a potential target as a shared real … value. The level of information costs and the option value, affected by heterogeneity between bidders (correlation), their …