-agreeing-to-disagree" theorem. -- unawareness ; type-space ; Bayesian games ; incomplete information ; equilibrium ; common prior ; agreement …

Consider an investment problem with strategic complementarities and incomplete information about returns. This paper … shows that investors aggregate their private information in equilibrium by trading a token and observing its market price … over multiple rounds before making the investment decision. This result is robust to the information environment. The paper …

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

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 …