This paper compares the incentives of a party to acquire information prior to negotiating contractual terms with a … power, the incentives to acquire information will be excessive relative to first best quite generally. Otherwise, more … surprisingly, acquisition incentives turn out insufficient even under voluntary disclosure for an informational setting referred to …

and insurance markets affect incentives to invest in human capital? If so, should the state provide transfers to the poor …

, such as student or sports associations, is not positively correlated with contributions. In a prediction experiment with … differences in subjects’ willingness to cooperate. Thus, young professionals signal important behavioral characteristics to …