This paper studies the influence of information on entry choices in a competition with a controlled laboratory … experiment. We investigate whether information provision attracts mainly high productivity individuals and reduces competition … productivity. Information on the opponent is a promising nudge to raise individuals' awareness towards the complexity of the …

A seller can benefit from information about the valuation a potential buyer places on the good. Under some … circumstances, improved information raises social welfare. But under other circumstances, the information has private value but no … social value, so that agents may spend too much on collecting information. A government which collects and disseminates some …

and public information). In the case of private value, it is well-known that the Vickrey auction (for one good) or its … buyer's valuation can depend on other buyers' private information (the case of "common" or interdependent values … buyer's information can be represented as a one-dimensional signal (proposition 1 and 2). …

This paper offers and tests a theory of training whereby workers do not pay for general training they receive. …

the decision by an appeals court judge to communicate information to justices on a supreme court (via a written dissent … our model predicts that an appeals court judge will find it valuable to communicate information to like-minded supreme …

), but the role of offeror typically remains unassigned. In a common-value, one-sided asymmetric information setting, unequal … and inefficient outcomes occur with an unassigned offeror. Experimental results are aligned with our theory. …

representation and how public information over quality affects the outcome of the judicial process. Judges have reputational concerns … increasing but better information over quality may be welfare reducing. We discuss the implications of our results on the …