Showing 1 - 10 of 18
This paper explores corporate disclosure in a dynamic oligopoly setting. In each period, a firm receives a signal on market size and must decide whether or not to publicly disclose the information before engaging in price competition in the product market. The main insight here is that firms'...
Persistent link: https://www.econbiz.de/10012705802
Persistent link: https://www.econbiz.de/10014541873
Persistent link: https://www.econbiz.de/10009659118
Persistent link: https://www.econbiz.de/10009406378
Persistent link: https://www.econbiz.de/10014489138
Persistent link: https://www.econbiz.de/10011283638
Persistent link: https://www.econbiz.de/10011949425
Persistent link: https://www.econbiz.de/10009406373
Persistent link: https://www.econbiz.de/10009751796
We develop a unified treatment of a broad class of truthful disclosure games. Such games have, at most, one equilibrium that is reasonable given a commonly used signaling refinement. We provide a simple algorithm to construct the unique equilibrium strategy and beliefs, and identify necessary...
Persistent link: https://www.econbiz.de/10013003878