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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
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 competitor's product-market...
Persistent link: https://www.econbiz.de/10013018445
This study investigates the relationship between public and private information using experimental markets. The level of public disclosure is varied to examine the effect on private information consumption and the informedness of price. The experimental setting consists of a double auction...
Persistent link: https://www.econbiz.de/10014119202
This paper aims to investigate market participants' reactions to sequential information, presenting firm-specific news and market-wide information. Experimental study takes place in the COVID-19 pandemic era, as market-wide information representation. We also provide firm-specific information in...
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The theory of voluntary disclosure of information posits that market forces lead senders to disclose information …
Persistent link: https://www.econbiz.de/10012867696
real benefits. We view our results as one of the first pieces of causal evidence supporting the theory that choosing high …
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