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Uncertainty, information acquisition, and price swings in asset markets

Mele, Antonio; Sangiorgi, Francesco - In: The review of economic studies 82 (2015) 4, pp. 1533-1567

Persistent link: https://www.econbiz.de/10011457032

Legal uncertainty as a welfare enhancing screen

Lang, Matthias - 2016

Consider legal uncertainty as uncertainty about the legality of a specific action. In particular, suppose that the threshold of legality is uncertain. I show that this legal uncertainty raises welfare. Legal uncertainty changes deterrence in opposite directions. The probability of conviction...

Persistent link: https://www.econbiz.de/10011557794

Sourcing Competition under Cost Uncertainty and Information Asymmetry

Shao, Lusheng - 2019

Driven by increasing costs in the traditionally-regarded low-cost manufacturing bases (e.g., China), many firms have started to outsource their production to the regions of even lower costs (e.g., Southeast Asia). However, a new environment may involve higher cost uncertainty and severer...

Persistent link: https://www.econbiz.de/10012903550

Does Uncertainty Spread Vertically? A Theory of Multi-Layer Newsvendors under Asymmetric Information

Yang, Jiameng - 2019

Using a vertically related multi-layer newsvendors framework this paper analyzes the impacts of market uncertainties and asymmetric information between firms at successive stages of a supply chain on their optimal stocking (and/or pricing) decisions. The asymmetric information along the supply...

Persistent link: https://www.econbiz.de/10012861175

Incentive and Screening under Uncertainty : A Model of Cooperation with Randomly Distributed Payoffs

Chen, Jia - 2014

Most of the existing theories of international cooperation implicitly adopted the assumption that defection or cheating are easily detectable, either because the behavior of other actors is directly observable, or the payoffs received by the relevant actors are perfect indicators of past...

Persistent link: https://www.econbiz.de/10013052427

Information Gaps for Risk and Ambiguity

Golman, Russell - 2015

We apply a model of preferences for information to the domain of decision making under risk and ambiguity. An uncertain … unpleasant to think about, an individual tends to be averse to risk and ambiguity. Yet in circumstances in which thinking about … an information gap is pleasant, an individual may exhibit risk- and ambiguity-seeking. The model provides explanations …

Persistent link: https://www.econbiz.de/10013022819