Obtaining information about changes in market conditions is vital for the survival of the firms operating in a changing … environment. In this paper, we offer a theory of information flows in a setting in which the principal faces a project choice and … between the project and the environment. Distortions in information flows arise since the production cost is known only to the …

Depending on the context at hand, people's preference for receiving feedback might differ. Especially in allocation … decisions that directly concern another individual, feedback from the affected person can have positive or negative value. We … study such preferences in a laboratory experiment by eliciting the willingness-to-pay to receive or to avoid verbal feedback …

information on informational cascades affects overall probability of herding phenomena to occur as well as whether an incorrect …

effects, first-mover advantage, etc.) in a standard information-based herding model. Our results are based on an internet …

information. These consumers rationally choose to only sporadically update their information and re-compute their optimal …

market and competition does not force firms to provide the relevant information. This finding is also relevant in other …

market and competition does not force firms to provide the relevant information. This finding is also relevant in other …