In the context of firm decision-making, several motives for acquiring and conveying information exist. Information … acquire and communicate information. We employ a cheap-talk model with information acquisition and communication by a firm … incentive to overstate this value to persuade or impress external parties. We show that information acquisition and …

information about their costs. We show that cheap talk between the firms cannot transmit any information. However, if the firms …

with the view that valuable information may be lost in hierarchical structures …

increasingly common around the world. Using daily information on prices, click-throughs, and the number of retailers for a sample …

enforcement costs. Then, we bring our conjectures to rich administrative Swedish microlevel data that include specific information …

managers rely on information in stock prices for their decisions. This informational cost of differentiation induces conformity …

If producers have more information than consumers about goods' attributes, then they may use non-price (rather than … when processing goods' price and quantity information. …