Showing 1 - 10 of 4,296
Persistent link: https://www.econbiz.de/10005037410
represented by the decrease in entropy of his beliefs, regardless of his preferences, initial wealth, or investment problem. We …
Persistent link: https://www.econbiz.de/10010930175
An information transaction entails the purchase of information. Formally, it consists of an information structure together with a price. We develop an index of the appeal of information transactions, which is derived as a dual to the agent’s preferences for information. The index of...
Persistent link: https://www.econbiz.de/10010570903
his preferences, initial wealth or investment problem. It is also shown that no prior-independent informativeness ordering …
Persistent link: https://www.econbiz.de/10008752462
beliefs, regardless of his preferences, initial wealth or investment problem. It is also shown that no prior …
Persistent link: https://www.econbiz.de/10008752640
, regardless of his preferences, initial wealth or investment problem. It is also shown that no prior-independent informativeness …
Persistent link: https://www.econbiz.de/10008876322
An information transaction entails the purchase of information. Formally, it consists of an information structure together with a price. We develop an index of the appeal of information transactions, which is derived as a dual to the agent's preferences for information. The index of information...
Persistent link: https://www.econbiz.de/10011196577
The impact of uncertainty on firms? investment outlays is subject to an ongoing debate. Theory identifies several … investment likely. On the other hand, the ability of firms to adapt after uncertainty is resolved can make a risky strategy more …?s investment outlays using the database of the Deutsche Bundesbank's corporate balance sheet statistics. Our database represents …
Persistent link: https://www.econbiz.de/10005083086
We present a comparable set of results on the monetary transmission channels on firm investment for the four largest … channel. For each of those countries, we estimate neoclassical investment relationships, explaining investment by its user … cost, sales and cash flow. We find investment to be sensitive to user cost changes in all those four countries. This …
Persistent link: https://www.econbiz.de/10005083126
Persistent link: https://www.econbiz.de/10005056455