A decision-maker relies on information of parties affected by her decision. These parties try to influence her decision by selective disclosure of facts. As is well known from the literature, competition between the informed parties constrains their ability to manipulate information. We depart...

Der Wettbewerb unter Kreditauskunfteien in Deutschland hat sich in den vergangenen Jahren stark intensiviert. Auskunfteien sammeln persönliche Daten über Verbraucher, die von Kreditinstituten, Leasing- und Telekommunikationsunternehmen, aber auch von Handelsfirmen sowie Energieversorgern...

We estimate the sticky information Phillips curve model of Mankiw and Reis (2002) using survey expectations of professional forecasters from four major European economies. Our estimates imply that inflation expectations in France, Germany and the United Kingdom are updated about once a year, in...

This paper studies product market competition under a strategic transparency decision. Dominant investors can influence information collection in the financial market, and thereby corporate transparency, by affecting market liquidity or the cost of information collection. More transparency on a...

In this paper we consider Voluntary Agreements (VAs) as an information-sharing device. In a duopoly model firms compete à la Cournot and aim to reduce environmental damages because consumers have green preferences that partially internalise negative externalities. However both firms are...

In this paper, we study screening efficiency of networks as organizations in comparison with polyarchies and hierarchies. Firstly, we briefly characterize these organizational architectures, then we rank them in the case of infinitely many and finitely many decisional units. As we show and...

Eine Vielzahl von staatliche Absatzförderungsprogrammen für landwirtschaftliche Erzeugnisse heben auf die Herkunft als Kaufargument ab. Zur Informationsvermittlung wird dabei generische Werbung eingesetzt. Der Beitrag befasst sich vor diesem Hintergrund mit der Frage, ob zur...