fundamental state. Some studies argue that it might be better to withhold public information because its potential to serve as a … focal point induces agents to exaggerate the importance of public announcements. This paper shows that public information …

fundamental state. Some studies argue that it might be better to withhold public information because its potential to serve as a … focal point induces agents to exaggerate the importance of public announcements. This paper shows that public information …

without any gain through black market premium a departure from conventional theory. -- Prohibitive Tariff ; Misreporting of …

fundamental state. Some studies argue that it might be better to withhold public information because its potential to serve as a … focal point induces agents to exaggerate the importance of public announcements. This paper shows that public information …