overconfidence and overentry into competition. In a broader context, the results provide an explanation for the overconfidence of …

This paper studies the influence of information on entry choices in a competition with a controlled laboratory … experiment. We investigate whether information provision attracts mainly high productivity individuals and reduces competition … productivity distribution of all potential opponents reduces competition failures by more than 50%, (2) information on the …

We consider an imperfectly competitive loan market in which a local relationship lender has an information advantage … relatively smaller information advantage face higher collateral requirements, and that technological innovations that narrow the … information advantage of local lenders, such as small business credit scoring, lead to a greater use of collateral in lending …

Financial accounting affords considerable discretion to firms in aggregating internal information for external … studying whether withholding disaggregated cost information affects productivity. We hypothesize that, by withholding, a firm … between firms about their cost structures. Overall, our findings indicate disaggregated cost information is valuable to firms …