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 …

The Securities and Exchange Commission (SEC) allows firms to redact information from material contracts by submitting … confidential treatment requests, if redacted information is not material and would cause competitive harm upon public disclosure … treatment requests are positively associated with residual short interest, a proxy for managers’ private negative information …

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 …

A new Information Aggregation Mechanism (IAM), developed via laboratory experimental methods, is implemented inside … to collect and quantize as probability distributions dispersed, subjectively held information. IAM participants …' incentives support timely information revelation and the emergence of consensus beliefs over future outcomes. Empirical tests …

In this article, we deal with the topic of intentional information spillover using a model in which both informational … are heterogeneous in the quality of their information, compete with one another in a common task. According to the results … action. When acting without a delay, they reveal their information with the hope that others will imitate them. This type of …

An agent may manipulate information when transmitting it to the principal. A direct response to this problem is to … verify the information. The paper explores a situation where the principal engages in information verification herself or … costly effort to acquire information before verifying it. Delegated verification promotes the agent's incentive for …