Showing 91 - 100 of 15,015
buyersshould be asked to bid. In addition, these mechanisms must induce the bidders toacquire information about their valuations … and to reveal this information truthfully.Using a generalized Groves principle, we prove a very general “full extraction … information and could have observed directly theirvaluations once they are informed. We also present appealing implementations …
Persistent link: https://www.econbiz.de/10009360834
industry and environmental groups have disseminatingconflicting private information about GM foods. This paper develops a … unique methodology forvaluing independent third-party information in such a setting and applies this method toconsumers … randomized information and labeling treatments.The average value of third-party information per lab participant is small, but the …
Persistent link: https://www.econbiz.de/10009360836
internal rivalry. Driven by deregulation and advances in information technologies, many historical institutional distinctions …
Persistent link: https://www.econbiz.de/10009360900
This paper examines search with active learning and correlated information. We firstdevelop a simple model to show how … correlation affects the decision to acquire information.A unique data set on fishing site choice by mid-Atlantic clam fishermen is … declines, i.e., when the opportunity cost of gathering information is low, butalso when catch at familiar sites is on the rise …
Persistent link: https://www.econbiz.de/10009360920
Recent events involving major insurance companies and insurance brokerage firms highlight substantial incentive problems in commercial and reinsurance markets where intermediation takes place. We show that in markets with informed as well as uninformed consumers and heterogeneous risk profiles...
Persistent link: https://www.econbiz.de/10009418828
We consider optimal trade policy for a large country with private information. We show that the optimal tariff leads to … a signaling equilibrium with higher tariffs and lower welfare than under complete information, whereas the optimal … import quota replicates the complete information equilibrium and thus is superior to the tariff. We also show that, with the …
Persistent link: https://www.econbiz.de/10009418956
information from interested parties. Unfortunately, information from interested parties does not provide an accurate picture of … the benefits and risks of new products. This paper examines the effects of information on consumers? demand for new food … products, GM-foods, in an environment where information from one or more interested parties is provided. We design and conduct …
Persistent link: https://www.econbiz.de/10009418960
developed in previous work that relax the strong assumptions on information.We also review some related literature.[...] …
Persistent link: https://www.econbiz.de/10009418984
Die verschiedenen Rollen der Information führten in derEntwicklung des IT-Managements bzw. des Informationsmanagements … Wettbewerbsfaktor. Ein Wechsel inder Titulierung der „Information als …“ steht für eine Verschiebung derProblem- und Aufgabenstellung in … der IT und damit auch der Perspektive,unter der die Information oder „die IT“ in Theorie und Praxis betrachtetwird …
Persistent link: https://www.econbiz.de/10009419007
and accurate at pricing new information, as there areno signs of drift shortly after news days. On the contrary, a …
Persistent link: https://www.econbiz.de/10009419011