Lenells, Jonatan; Stea, Diego; Foss, Nicolai J. - In: Contemporary Economics 9 (2015) 2, pp. 215-231
We study a model of adverse selection, hard and soft information, and mentalizing ability-the human capacity to represent others' intentions, knowledge, and beliefs. By allowing for a continuous range of different information types, as well as for different means of acquiring information, we...
