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This paper further develops the standard modelling of information exchange between firms in the presence of demand … disclose their information more often than they would under the standard modelling. …
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the fact that the so‑called knowledge‑based economy, a characteristic feature of the era of the information revolution …
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Gregory Bateson is one of the most singular authors in communicational thought. He was himself a kind of outsider, placed in a novel unknown field, in a concern to outstand thought barriers. There is the possibility of grounding a more consistent idea on communication outstanding sociological...
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effect information asymmetry has on the Polish motor insurance market. Through an economic analysis, the author gives the … constitute an improvement with regards to the Pareto efficiency, as opposed to their position where information asymmetry exists …
Persistent link: https://www.econbiz.de/10012923681
So far, the existing literature on the hold-up problem with renegotiation has imposed assumptions such that the post-renegotiation payoffs are absolutely continuous functions. Since payoffs may fail to be differentiable at the investment profile to be sustained, first order conditions for...
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