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manipulation of information. Instead of terrorizing citizens into submission, "informational autocrats" artificially boost their … techniques - we document a range of trends in recent autocracies that fit the theory: a decline in violence, efforts to conceal …
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information cost decreases, more trade migrates from CM with adverse selection to DM with search frictions. This finding reveals … find that reducing informational asymmetry with costly information acquisition may be detrimental to welfare. We then apply …
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perspectives are utilized within this analysis: neoclassical economics, including agency costs, information costs, moral hazard and … market distortion; rational decision making within game theory frameworks under different jurisdictional background …
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