Showing 1 - 10 of 2,183
Persistent link: https://www.econbiz.de/10009572165
We study the strategic disclosure of demand information and product-market strategies of duopolists. In a setting where both firms receive information with some probability, we show that firms selectively disclose information in equilibrium in order to influence their competitorś product-market...
Persistent link: https://www.econbiz.de/10011301237
Persistent link: https://www.econbiz.de/10011439813
Persistent link: https://www.econbiz.de/10013168013
Persistent link: https://www.econbiz.de/10012581945
Persistent link: https://www.econbiz.de/10013189369
This paper studies the incentives for interim voluntary disclosure of verifiable information in probabilistic all-pay contests. Provided that the contest is uniformly asymmetric, full revelation is the unique perfect Bayesian equilibrium outcome. This is so because the weakest type of the...
Persistent link: https://www.econbiz.de/10012420336
We study the role of information about the multiplier in a finitely repeated investment game. A high multiplier increases the reputational incentives of a trustee, leading to more repayments. Our perfect Bayesian equilibrium analysis shows that if the trustee is privately informed about the...
Persistent link: https://www.econbiz.de/10012422494
Persistent link: https://www.econbiz.de/10012001121
Persistent link: https://www.econbiz.de/10011879487