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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
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
Most information research devoted to on-line discussion forums involves content analysis of postings, and is thereby … skewed to those participants who actively post. The research reported in this paper aims to uncover the information behaviour … participation in the list. Burnett's proposition that people participate in on-line forums as 'promising information neighbourhoods …
Persistent link: https://www.econbiz.de/10008677347
throughout the agricultural area to provide information on depth to groundwater and changes in water levels over time. These … bores provide information about whether and when the ground water will reach the surface, causing losses of agricultural …
Persistent link: https://www.econbiz.de/10010913178
Persistent link: https://www.econbiz.de/10005020289
George J. Stigler in his Nobel price lecture in 1982 suggested to apply the ideas of economics of information on the … market of new ideas of economic science. On the border between the economics of information and some other social sciences …
Persistent link: https://www.econbiz.de/10005258051
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
This paper examines the practical implications of using high-frequency data in a fast and frugal manner. It recognises the continued widespread application of model free approaches within many trading and risk management functions. Our analysis of the relative characteristics of four model-free...
Persistent link: https://www.econbiz.de/10010730255
Consumer advice should reduce asymmetric information between consumer and supplier as well as provide confidence in … markets. However, consumer advice itself is characterised by asymmetric information between adviser and consumer. The article … figures out this aspect and shows how consumers cope with this information situation under certain consumer policy conditions …
Persistent link: https://www.econbiz.de/10008550492