evaluation such regulations. I argue that, for market performance, more information is not always better; indeed, more … information may undermine market performance by facilitating behaviour that is either not cost efficient or aims at exercising … competitive market outcome does not require general access to information at a very detailed level or with a high degree of …

evaluation such regulations. I argue that, for market performance, more information is not always better; indeed, more … information may undermine market performance by facilitating behaviour that is either not cost efficient or aims at exercising … competitive market outcome does not require general access to information at a very detailed level or with a high degree of …

evaluation such regulations. I argue that, for market performance, more information is not always better; indeed, more … information may undermine market performance by facilitating behaviour that is either not cost efficient or aims at exercising … competitive market outcome does not require general access to information at a very detailed level or with a high degree of …

caused by their products. Although mandatory disclosure obviously is superior to voluntary disclosure given the information …We analyze a model in which firms are able to acquire information about product risks and may or may not be required to … disclose this information. We initially study the effect of disclosure rules assuming that firms are not liable for the harm …

information and correlated between them. The principals benchmark their agents against each other by making the same offers in the …