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The Competitive Firm Under Price Uncertainty: The Role of Information and Hedging
Broll, Udo; Eckwert, Bernhard - 2007
We study the impact of transparency in a commodity market on the decision problem of a competitive firm under price uncertainty and hedging opportunities. Market transparency is modeled by means of the informational content of publicly observable signals which are correlated with the random...
Persistent link: https://www.econbiz.de/10010296824
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International trade and the role of market transparency
Broll, Udo; Eckwert, Bernhard; Wong, Kit Pong - 2010
conveys more precise information about the random foreign exchange rate. We analyze the interaction between market …
Persistent link: https://www.econbiz.de/10010305465
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The Effect of Better Information on Income Inequality
Eckwert, Bernhard; Zilcha, Itzhak - 2003
which is used for updating beliefs. Thus, a better information system affects the distribution of human capital in each …) If the relative measure of risk aversion is less (more) than 1 then more information raises (reduces) income inequality …. (b) When a risk sharing market is available better information results in higher inequality regardsless of the measure …
Persistent link: https://www.econbiz.de/10010315733
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The effect of better information on income inequality
Eckwert, Bernhard; Zilcha, Itzhak - 2003
which is used for updating beliefs. Thus, a better information system affects the distribution of human capital in each …) If the relative measure of risk aversion is less (more) than 1 then more information raises (reduces) income inequality …. (b) When a risk sharing market is available better information results in higher inequality regardsless of the measure …
Persistent link: https://www.econbiz.de/10011507996
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Economic implications of better information in a dynamic framework
Eckwert, Bernhard; Zilcha, Itzhak - In: Economic Theory 24 (2004) 3, pp. 561-581
We consider an OLG model with accumulation in human capital and analyze the economic implications of information about … are screened for their abilities and this screening process (signal) constitutes a public information which is used in … information may be harmful for all in equilibrium, and find conditions under which better information either enhances growth or …
Persistent link: https://www.econbiz.de/10005371208
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The Effect of Better Information on Income Inequality
Eckwert, Bernhard; Zilcha, Itzhak - In: Economic Theory 32 (2007) 2, pp. 287-307
Persistent link: https://www.econbiz.de/10005147321
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International trade and the role of market transparency
Broll, Udo; Eckwert, Bernhard; Wong, Kit Pong - Fakultät Wirtschaftswissenschaften, Technische … - 2010
conveys more precise information about the random foreign exchange rate. We analyze the interaction between market …
Persistent link: https://www.econbiz.de/10009226121
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The Competitive Firm Under Price Uncertainty: The Role of Information and Hedging
Broll, Udo; Eckwert, Bernhard - Fakultät Wirtschaftswissenschaften, Technische … - 2007
We study the impact of transparency in a commodity market on the decision problem of a competitive firm under price uncertainty and hedging opportunities. Market transparency is modeled by means of the informational content of publicly observable signals which are correlated with the random...
Persistent link: https://www.econbiz.de/10009226184
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Implications of More Precise Information for Technological Development and Welfare
Eckwert, Bernhard; Drees, Burkhard - International Monetary Fund (IMF) - 2007
This paper analyzes the dynamic interactions between the precision of information, technological development, and … welfare within an overlapping generations model. More precise information about idiosyncratic production shocks has ambiguous … system. For example, we show that with efficient risk sharing more precise information adversely affects the equilibrium risk …
Persistent link: https://www.econbiz.de/10005825975
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The Effect of Better Information on Income Inequality
Eckwert, Bernhard; Zilcha, Itzhak - CESifo - 2003
which is used for updating beliefs. Thus, a better information system affects the distribution of human capital in each …) If the relative measure of risk aversion is less (more) than 1 then more information raises (reduces) income inequality …. (b) When a risk sharing market is available better information results in higher inequality regardsless of the measure …
Persistent link: https://www.econbiz.de/10005766244