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Contrary to the prediction of the classic adverse selection theory, a more informed trader could receive better pricing …, their incentive of information chasing dominates their fear of adverse selection. In a more general setting, information …
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using promise of future payments and information gathering. The agent's effort incrementally advances production and such … advance is a prerequisite for gathering new information. The principal decides how much information to gather based on these …
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This document was developed to serve as guidance for information requirements for the regulation of Invertebrates as … Biological Control Agents (IBCAs) within OECD countries. It incorporates information requirements from a number of OECD countries …
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certifier can enable the seller to disclose her private information publicly, as well as gather additional market information …-maximal information-gathering. Thus, optimal contracts eliminate private information but not market uncertainty; even though the latter … would be costless, it is suboptimal as it requires excessive information rents to the seller. Thus, market inefficiencies …
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