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The simple analytics of information and experimentation in dynamic agency

Mirman, Leonard J.; Jeitschko, Thomas D.; Salgueiro, Egas - In: Economic Theory 19 (2002) 3, pp. 549-570

The dynamics of a stochastic, two-period principal-agent relationship is studied. The agent's type remains the same over time. Contracts are short term. The principal designs the second contract, taking the information available about the agent after the first period into account. <p>Compared to...</p>

Persistent link: https://www.econbiz.de/10005753321

The simple analytics of information and experimentation in dynamic agency

Jeitschko, Thomas D.; Mirman, Leonard J.; Salgueiro, Egas - Departamento de Economia, Gestão e Engenharia … - 2004

The dynamics of a stochastic, two–period principal–agent relationship is studied. The agent’s type remains the same over time. Contracts are short term. The principal designs the second contract, taking the information available about the agent after the first period into account. Compared...

Persistent link: https://www.econbiz.de/10005021918

Noisy Signaling in Monopoly

Mirman, Leonard J.; Salgueiro, Egas; Santugini, Marc - Institut d'Économie Appliquée, HEC Montréal (École … - 2011

We study the informational role of prices in a stochastic environment. We provide a closed-form solution of the monopoly problem when the price imperfectly signals quality to the uninformed buyers. We then study the effect of noise on output, market price, information flows, and expected...

Persistent link: https://www.econbiz.de/10008876408

The Simple Analytics of Price Signaling Quality

Mirman, Leonard J.; Santugini, Marc - Institut d'Économie Appliquée, HEC Montréal (École … - 2011

We present a diagrammatic and step-by-step analysis of price signaling quality. Because quality is a continuum on the …

Persistent link: https://www.econbiz.de/10008876409

Noisy signaling in monopoly

Mirman, Leonard J.; Salgueiro, Egas M.; Santugini, Marc - In: International Review of Economics & Finance 29 (2014) C, pp. 504-511

Persistent link: https://www.econbiz.de/10010729770

Information in Cournot: Signaling with incomplete control

Daher, Wassim; Mirman, Leonard J.; Santugini, Marc - In: International Journal of Industrial Organization 30 (2012) 4, pp. 361-370

We embed signaling in the classical Cournot model in which several firms sell a homogeneous good. The quality is known … quantity decision. We characterize the unique signaling Cournot equilibrium in which the price signals quality to the … uninformed buyers. We then compare the signaling Cournot equilibrium with the full-information Cournot equilibrium. Signaling is …

Persistent link: https://www.econbiz.de/10010573875

The Informational Role of Prices

Mirman, Leonard J.; Santugini, Marc - Institut d'Économie Appliquée, HEC Montréal (École … - 2008

We study the informational role of prices. To that end, we consider the framework of a dominant firm with a competitive fringe. When the competitive fringe is large enough, there exists a unique fully revealing equilibrium, in which the price conveys full information about the quality of the...

Persistent link: https://www.econbiz.de/10005489841

Duopoly signal jamming

Mirman, Leonard J. - 1992

Persistent link: https://www.econbiz.de/10000850440

Two-period model of insider trading with correlated signals

Daher, Wassim; Mirman, Leonard J.; Saleeby, Elias G. - In: Journal of mathematical economics 52 (2014), pp. 57-65

Persistent link: https://www.econbiz.de/10010495178

Noisy signaling in monopoly

Mirman, Leonard J.; Salgueiro, Egas M.; Santugini, Marc - In: International review of economics & finance : IREF 29 (2014), pp. 504-511

Persistent link: https://www.econbiz.de/10010432305