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``information hubs'', which receive and distribute a large amount of information. Asymptotic learning therefore requires information … sufficient information by itself, making communication with others relatively unattractive. Asymptotic learning results either if …We develop a model of information exchange through communication and investigate its implications for information …
Persistent link: https://www.econbiz.de/10011684965
The standard state-spaces of asymmetric information preclude non-trivial forms of unawareness (Modica and Rustichini …
Persistent link: https://www.econbiz.de/10010366550
Persistent link: https://www.econbiz.de/10010491851
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Problem Definition: This paper studies the information-sharing strategy for a retail platform on which multiple … years, information sharing has become an increasingly important issue because retail platforms can gather enormous consumer … information that may not be visible to the sellers. Understanding how to share such information with those sellers will provide …
Persistent link: https://www.econbiz.de/10014260458
Awareness structures by Fagin and Halpern (1988) (FH) feature a syntactic awareness correspondence and accessibility relations modeling implicit knowledge. They are a flexible model of unawareness, and best interpreted from a outside modeler's perspective. Unawareness structures by Heifetz,...
Persistent link: https://www.econbiz.de/10014422291
unawareness, which significantly differ from those in the standard information partition model by allowing for false interactive …
Persistent link: https://www.econbiz.de/10014216944
efficiency-enhancing knowledge diffusion, which can be exploited by local firms to extract relevant information on consumer … exploit the new information and increase the overall efficiency level of the local economy. More specifically, we examine …
Persistent link: https://www.econbiz.de/10012172844
Syndication, which is a joint realization of one project/one investment by several capital providers, is a long existing phenomenon that plays a central role in many financial market segments. Within this paper we develop a theoretical model focusing on the dynamic aspect of syndication, namely...
Persistent link: https://www.econbiz.de/10010297486
In this paper I propose a novel abstract mechanism for the creation and diffusion of knowledge and use an agent based modelling approach to explore it. The mechanism takes into account the relation between the phenomena that agents attempt to explain and the stocks of knowledge available in a...
Persistent link: https://www.econbiz.de/10012591877