Showing 1 - 10 of 2,529
insured individuals. Thus, the functioning of social norms depends crucially on information, in particular on what norm … enforcers are able to observe about an insured individual's behavior. Information is also decisive when distinguishing between …
Persistent link: https://www.econbiz.de/10010482983
We examine how health information affects individuals' subjective well-being using a regression discontinuity design on … data from a screening program for an asymptomatic disease, abdominal aortic aneurysm (AAA). The information provided to the … receive information that they are healthy with those that receive information that they are in the risk zone for AAA, we find …
Persistent link: https://www.econbiz.de/10011416158
This article develops a Bayesian persuasion model examining a manager's incentives to gather information when the … manager can disseminate this information selectively to interested parties (“users”) and when the objectives of the manager … the information, then the manager may gather more precise information. The article identifies conditions under which a …
Persistent link: https://www.econbiz.de/10012854767
We develop a new theory of information production during credit booms. In our model, entrepreneurs need credit to … themselves from such diversion in two ways: collateralization and costly screening, which generates durable information about … accumulates physical capital but depletes information about investment projects. As a result, collateral-driven booms end in deep …
Persistent link: https://www.econbiz.de/10011997468
for pure exchange, sequential economies, with deffinitely many states of private information, an incomplete financial …. Then, we show how a central bank, by deciding on the money supply, may affect the revelation of information at equilibrium. …
Persistent link: https://www.econbiz.de/10009635915
consisting of information-contingent plans for choosing actions and bets and subjective expected utility model with effect …
Persistent link: https://www.econbiz.de/10003836596
In Bayesian environments with private information, as described by the types of Harsanyi, how can types of agents be …
Persistent link: https://www.econbiz.de/10003873501
McAfee and Reny (1992) have given a necessary and sufficient condition for full surplus extraction in models with a continuum of types. We interpret their condition as significantly stronger version of the requirement of injectiveness of the function mapping abstract types into beliefs and prove...
Persistent link: https://www.econbiz.de/10011301240
Neeman (2004) and Heifetz and Neeman (2006) have shown that, in auctions with incomplete information about payoffs … parameters. They argue that the set of incomplete-information models satisfying this so-called BDP property ("beliefs determine … rich and beliefs are derived by conditioning on the available information; for any agent, this information includes his own …
Persistent link: https://www.econbiz.de/10010230371
's interest in controlling who receives their private information. Participants of an experiment face the decision to share … validated personal information with peers. We compare preferences for sharing potentially embarrassing information (body weight … and height) and non-embarrassing information (address data) with geographically proximate or distant peers. We find that i …
Persistent link: https://www.econbiz.de/10010350092