Showing 231 - 240 of 24,256
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
We explore the effects of information propagation in a centralized financialmarket. Specifically, we embed search … frictions within the Grossman andStiglitz (1980) framework, relying on information percolation as modeled inDuffie, Malamud, and … Manso (2009). First, we show that information percolationproduces a positive autocorrelation in stock returns. Second, we …
Persistent link: https://www.econbiz.de/10009419012
Our purpose is to show how large difference of beliefs induced by fear of crashesis amenable to large and persistent price responses to contemporaneous shocks. Weconstruct a pure exchange economy populated by two agents who estimate strictlydifferent models regarding the fundamental. In...
Persistent link: https://www.econbiz.de/10009486814
This paper presents an equilibrium model in a pure exchange economywhen investors have three possible sources of heterogeneity. Investorsmay differ in their beliefs, in their level of risk aversion andin their time preference rate. We study the impact of investors heterogeneityon equilibrium...
Persistent link: https://www.econbiz.de/10009486816
proposed. Weights are derived from external variables thatconvey additional information about the true DGP, like trading volume …
Persistent link: https://www.econbiz.de/10009486847