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Conflict and deterrence under strategic risk

Chassang, Sylvain; Padró i Miquel, Gerard; MacLeod, … - 2008

Persistent link: https://www.econbiz.de/10003715951

Insiders-outsiders, transparency and the value of the ticker

Cespa, Giovanni (contributor); Foucault, Thierry (contributor) - 2008

We consider a multi-period rational expectations model in which risk-averse investors differ in their information on … expected utility than outsiders. Yet, information acquisition by one investor exerts a negative externality on other investors …. Thus, investors' average welfare is maximal when access to price information is rationed. We show that a market for price …

Persistent link: https://www.econbiz.de/10003740321

Innovation incentives for information goods

Brynjolfsson, Erik; Zhang, Xiaoquan - In: Innovation policy and the economy 7 (2006), pp. 99-123

Persistent link: https://www.econbiz.de/10003433863

Transparency, price-dependent demand and product variety

Gu, Yiquan; Wenzel, Tobias - 2010

This paper revisits the relationship between transparency on the consumer side and product variety as analyzed in Schultz (2009). We identify two welfare effects of transparency. More transparency decreases price-cost margins which is beneficial forwelfare. On the other hand, more transparency...