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. …

This paper experimentally investigates the impact of different pay and relative performance information policies on … employee effort. We explore three information policies: No feedback about relative performance, feedback given halfway through … off. Moreover, in both pay schemes information feedback reduces the quality of the low performers’ work. …

This paper experimentally investigates the impact of different pay and relative performance information policies on … employee effort. We explore three information policies: No feedback about relative performance, feedback given halfway through … off. Moreover, in both pay schemes information feedback reduces the quality of the low performers’ work. …

organizations, regions and national economies. This paper illustrates cybernetic communication’s theories based on information (with … types of information with relation to communication, knowledge and creation, semantic, statistical and mathematical aspects …

We study the impact of information manipulation by a principal on the agent’s effort. In a context of asymmetric … information at the principal’s advantage, we test experimentally the principal’s willingness to bias (overestimate or under …-estimate) the information she gives to her agent on his ability in order to motivate him to exert more effort. We find that i …

chronological and systematic recording, processing, publication and preservation of information on financial position, financial …