experiment. We investigate whether information provision attracts mainly high productivity individuals and reduces competition …This paper studies the influence of information on entry choices in a competition with a controlled laboratory … decision problem and to update beliefs about success. In the experiment, subjects face the choice between a competition game …

industry is unusual because there exist two horizontally segmented retail markets with different degrees of competition: the … then develop a parsimonious vintage-capital model that matches the prices and sales of PC and Apple products. The model … predicts that competition is the key driver of the rate at which technology is adopted. …

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

by public communication with the flexibility provided by private communication and transmit more information to the …

of participants holding each one a right to invest can give rise under imperfect information to situations of deviations … agents take into account when deciding not only their private set of information but also the information released to the … of dispersion of information in the economy and the effect of the number of participants and their effect into their …

information about their own private use value for the commodity being traded. In addition the commodity has a common value to all …

This paper compares the welfare effects of three ways in which health care can be organized: no competition (NC …), competition for the market (CfM) and competition on the market (CoM) where the payer offers the optimal contract to providers in … particular, CfM is optimal in a clinical situation where the payer either has contractible information on provider quality or can …