Asymmetric information is widely supposed to impair the functioning of markets. We show that the presence of … privately observed, provided that principals do not directly care about the agents' private information (the private value case …). Thus hidden information only matters in competitive markets if it affects common values. …

for private information. We charac terize optimal mechanisms and analyze specific programs often used during banking …

information and correlated between them. The principals benchmark their agents against each other by making the same offers in the …

Kosovo (EUOK) in improving the programming and implementation of information and communication (IC) Programmes funded by … 2015-2020 assistance, taking into consideration the lessons learned and the performance of past IPA information and … for the enlargement process. However, a strengthening of the strategic approach to information and communication would be …

Genetic tests can be expected to produce a large amount of economically important information in the future. What are … the effects on a life insurance market if more information becomes available over time, for individuals and possibly also …

there is full information. With missing information, input-based contracts are more efficient at reducing the informational …