Information spielt nicht erst seit der digitalen Revolution im Wirtschaftsleben eine herausragende Rolle. Sei es als Information über Güter, etwa über deren Qualität oder Preis, oder als eigenständiges Wirtschaftsgut, z.B. in Form von Nachrichten oder Forschungsergebnissen. Aus einer...

We analyze the doping behavior of heterogeneous athletes in an environment of private information. In a n-player strategic game, modeled as an all-pay auction, each athlete has private information about his actual physical ability and choses the amount of performance-enhancing drugs. The use of...

More often than not production processes are the joint endeavor of people having different abilities and productivities. Such production processes and the associated surplus production are often not fully transparent in the sense that the relative contributions of involved agents are blurred;...

More often than not production processes are the joint endeavor of people having different abilities and productivities. Such production processes and the associated surplus production are often not fully transparent in the sense that the relative contributions of involved agents are blurred;...