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В статье рассмотрены основные проблемы асимметрии информации в отношениях принципала и агента с целью определения оптимального и эффективного соотношения...
Persistent link: https://www.econbiz.de/10011234058
Economists make the unarticulated assumption that information is something that stands apart from and is independent of … the processor of information and its internal characteristics. We argue that they need to revisit the distinctions they … have drawn between data, information, and knowledge. Some associate information with data, and others associate information …
Persistent link: https://www.econbiz.de/10005169456
: that new information leads to new knowledge and that new knowledge can affect economic decisions. In the experiment, we … elicit subjects’ prior knowledge state about a good’s attributes, exogenously vary how much new information about good …
Persistent link: https://www.econbiz.de/10011220335
: that new information leads to new knowledge and that new knowledge can affect economic decisions. In the experiment, we … elicit subjects’ prior knowledge state about a good’s attributes, exogenously vary how much new information about good …
Persistent link: https://www.econbiz.de/10011220348
, restrictions on purchase and use, providing information and restricting advertising. The chapter concludes with suggestions for …
Persistent link: https://www.econbiz.de/10009024597
. It also analyses whether information provision about the attributes or characteristics of commodities is likely to result … in individuals’ finding their ‘true’ preferences for these, and identifies the type and nature of information that should … attributes that individuals are unable to evaluate. Furthermore, individuals acquire and filter information about commodities …
Persistent link: https://www.econbiz.de/10008465436
focused on studying either the impact of the traditional monitoring and enforcement practices or the impact of information … programs. In this paper, we perform an empirical analysis of the impact of both traditional enforcement and information … penalties) and emerging (information) enforcement strategies. Our results suggest that British Columbia's list of polluters has …
Persistent link: https://www.econbiz.de/10005100988
Although there are numerous histories of the Federal Trade Commission (FTC), there has been little focus on sub-organizations of the FTC. While this history of one sub-organization, the Bureau of Economics, is a description of the role of economists in antitrust and consumer protection, it also...
Persistent link: https://www.econbiz.de/10011154761
Replaced with revised version of paper 02/16/11.
Persistent link: https://www.econbiz.de/10008922683
This paper provides a rational choice-based analysis of the causes and consequences of surprise events. The paper argues that ignorance may be rational, but nonetheless produce systematic mistakes, inconsistent behavior, and both pleasant and unpleasant surprises. If ignorance and unpleasant...
Persistent link: https://www.econbiz.de/10009323202