We reexamine the mechanism of yardstick competition when the regulator does not observe firms' cost characteristics …

) visiting firms or by consulting a price agency who sells information about which firm charges the lowest price. …

development of conflict, in particular the nature of the information used and the expectations in terms of feedback. Indeed, the … information transmitted during the process includes unconscious signals and the underlying affects carried on will considerably …

The value of new information depends on how accurate the information is, but it may also depend on the characteristics … industry characteristics moderate the effect of market information on firm profits. Our results suggest that information is … more valuable when product substitutability is higher, suggesting that information is of greater value in more competitive …

This paper reverses the standard conclusion that asymmetric information plus competition results in insufficient …

adopting institutional arrangements intended to promote competition among care providers. I selectively survey and supplement … the literature to show that an increase in competition—modeled either as a larger number of care providers or greater …

offers.We show that these deregulations may be insuficient since asymmetric information seriously hampers the integration of …-a-vis potential entrants.More-over, banks may strategically display some information hindering entry when asymmetric information is … moderate.We also show that voluntary information sharing emerges only when asymmetric information is low. …