collects data that contains information about the firm's idiosyncratic private characteristics. This paper studies the case in … which the regulator uses information gleaned from past cost observations when designing the current period's contract. Cost … observations are obscured in stochastic settings and so perfect inferences about underlying private information are not possible …

We study the regulation of a morally responsible agent in the context of a negative consumption externality and … taxe rate may increase the market failure due to motivation crowding. Provision of information is efficient only in very … specific cases but may be effective in reducing the extent of market failure. A complementary tax-and-information policy …

Aufgabe darin besteht, glaubwürdige Information für Investoren bereitzustellen. Drei Determinanten der Instabilität werden …

evaluation such regulations. I argue that, for market performance, more information is not always better; indeed, more … information may undermine market performance by facilitating behaviour that is either not cost efficient or aims at exercising … competitive market outcome does not require general access to information at a very detailed level or with a high degree of …

think about information as well as market discipline and discuss policy implications and proposals for regulation. …The aim of this paper is to examine what has been the role of information provision to the market throughout the crisis …. We consider two main sources of information to the market, financial statements and information provided by credit rating …

U.S. businesses engage in experimentation in a variety of ways not matched by their German counterparts. In particular …, there is greater experimentation amongst young U.S. businesses and also among those actively changing their technology. This …

experimentation outcomes. Thus, asymmetric information arises if the buyer experiments. As a result, the equilibrium is inefficient … product. While consumers can learn their valuation by actual consumption (experimentation), sellers cannot observe … ausprobiert (Experimentation). Die Verkäufer hingegen können nicht beobachten, ob der Käufer zufrieden war, wenn er das neue Gut …

and hidden information, where the principal must induce the agent to exert effort to facilitate her learning process. The …