Showing 1 - 10 of 3,345
The theory of voluntary disclosure of information posits that market forces lead senders to disclose information … adverse inferences about non-disclosed information. Previous research finds that receivers do not sufficiently infer non-disclosure … that competition between senders positively affects disclosure of information and receivers' welfare. …
Persistent link: https://www.econbiz.de/10012024603
We model firms' quality disclosure and pricing in the presence of cursed consumers, who fail to be sufficiently ….e. mandatory disclosure, third party disclosure and consumer education may all increase exploitation and decrease welfare. Even …
Persistent link: https://www.econbiz.de/10011847547
This paper studies the incentives for interim voluntary disclosure of verifiable information in probabilistic all … strong-form disclosure principle is robust with respect to correlation, partitional evidence, randomized disclosures …
Persistent link: https://www.econbiz.de/10014321141
that regularly checks the reliability of garages in Germany. We find that more intense competition and high competence …
Persistent link: https://www.econbiz.de/10009754791
that regularly checks the reliability of garages in Germany. We find that more intense competition and high competence …
Persistent link: https://www.econbiz.de/10010507685
We develop a test for adverse selection and use it to examine private health insurance markets. In contrast to earlier papers that consider a purely private system or a system in which private insurance supplements a public system, we focus our attention on a system where privately funded health...
Persistent link: https://www.econbiz.de/10010292988
We present a model in which the media provide voters with information that is tainted by their own preferences, and derive an equilibrium in which media endorsements influence voting behavior. Competition for media endorsement causes political parties to adopt more centrist policies, which...
Persistent link: https://www.econbiz.de/10010293478
Credence goods markets are characterized by asymmetric information between sellers and consumers that may give rise to inefficiencies, such as under- and overtreatment or market break-down. We study in a large experiment with 936 participants the determinants for efficiency in credence goods...
Persistent link: https://www.econbiz.de/10010294835
Unternehmen müssen nicht immer Kollusionsabsichten verfolgen, wenn sie untereinander Informationen austauschen. Dieser Beitrag zeigt, daß bei Nachfrageunsicherheit auch strikt kompetitive Konkurrenten private Informationen bezüglich ihrer Nachfragebedingungen preisgeben. Dies läßt sich in...
Persistent link: https://www.econbiz.de/10010305090
This paper analyses possible options how to improve the risk adjustment of the health insurance system in the Czech Republic. Out of possible options it argues for including Pharmaceutical Cost Groups (PCGs) as additional risk factors since it is an improvement that can be implemented almost...
Persistent link: https://www.econbiz.de/10010322206