Firms with private information about the outcomes of production under uncertainty may face capital (liquidity … elasticity of scale of the production technology is sufficiently small, then efficient levels of investment and growth can always … aggregate uncertainty. We show that, in addition to a low elasticity of scale for the production function, investors must have …

We study efficient risk sharing in a model where agents operate linear production technologies with private information … about idiosyncratic productivity. Capital is the sole factor of production, and accumulable. We establish a time …

auctions. Not only positive reputation ratings but also engaging in communication increases a bidder's probability of winning …This paper studies the role of communication and reputation in market interactions using data from online procurement …Diese Studie analysiert die Einflüsse von Kommunikation und Reputation auf Märkten mit Hilfe von Daten aus Online …