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the international negotiations with complete and with asymmetric information in a dynamic framework. Results show that …
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ex-post regret an unavoidable phenomenon in merger negotiations. To this end, we consider ex-post incentive compatible …
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The paper addresses the mechanism design problem of eliciting truthful information from a committee of informed experts who collude in their information disclosure strategies. It is shown that under fairly general conditions full information disclosure is possible if and only if the induced...
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This paper investigates the design of incentives in a dynamic adverse selection framework when agents’ production technologies display learning effects and agents’ rate of learning is private knowledge. In a simple two-period model with full commitment available to the principal, we show...
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