Showing 1 - 7 of 7
In this paper, we analyze the asymmetric pure strategy equilibria in a dynamic game of pure information externality. Each player receives a private signal and chooses whether and when to invest. In some of the periods, only a subgroup of the players make decisions, which we call bunching, while...
Persistent link: https://www.econbiz.de/10009521752
Persistent link: https://www.econbiz.de/10011792230
We study firms' incentives to acquire private information in a setting where subsequent competition leads to firms' later signaling their private information to rivals. Due to signaling, equilibrium prices are distorted, and so while firms benefit from obtaining more precise private information,...
Persistent link: https://www.econbiz.de/10011548620
Persistent link: https://www.econbiz.de/10013192831
Persistent link: https://www.econbiz.de/10011698549
Persistent link: https://www.econbiz.de/10012103418
Persistent link: https://www.econbiz.de/10013368333