Showing 91 - 100 of 60,937
A decision maker makes a ruling on a random case in each period. She is uncertain about the correct ruling until conducting a costly investigation. A ruling establishes a precedent, which cannot be violated under binding precedent. We compare the information acquisition incentives, the evolution...
Persistent link: https://www.econbiz.de/10012430043
In this paper we investigate the effect of central bank transparency on survey forecasts. Similar to Ehrmann et al …. (2010), we find that greater transparency can reduce the degree of disagreement across individual forecasters and it can … various aspects of transparency separately and to assign weights to them reflecting their relative importance in reducing …
Persistent link: https://www.econbiz.de/10009666550
We characterize the price-transparency role of benchmarks in over-the-counter markets. A benchmark can, under … dealers and customers, and reducing search costs. Although the market transparency promoted by benchmarks reduces dealers …
Persistent link: https://www.econbiz.de/10011524569
externality: if speculators refrain from trading, hedgers do the same, depressing the asset price. Market transparency reinforces … disclosure of fundamentals and trading transparency. Issuers may either under- or over-provide information compared to the …
Persistent link: https://www.econbiz.de/10010424992
We explore whether the transparency in banks' lending activities enhances the harmonization of credit terms that a bank … information on loan characteristics and performance. We find that loans originated under the transparency regime share more … convergence in their credit terms, suggesting that transparency facilitates learning across a bank's different geographic regions …
Persistent link: https://www.econbiz.de/10012843214
Despite intense price competition firms obfuscate product information when it is relatively costless to reveal, contrary to neoclassical predictions. This paper considers whether firms can profitably conceal (part of) their prices for a homogeneous product when consumers differ in their ability...
Persistent link: https://www.econbiz.de/10012724563
We explore whether the transparency in banks' lending activities enhances the harmonization of credit terms that a bank … information on loan characteristics and performance. We find that loans originated under the transparency regime share more … convergence in their credit terms, suggesting that transparency facilitates learning across a bank's different geographic regions …
Persistent link: https://www.econbiz.de/10012869697
A decision maker makes a ruling on a random case in each period. She is uncertain about the correct ruling until conducting a costly investigation. A ruling establishes a precedent, which cannot be violated under binding precedent. We compare the information acquisition incentives, the evolution...
Persistent link: https://www.econbiz.de/10012241003
-and-mortar stores. Using data collected before and after a transparency regulation went into effect in the Israeli food retail market … in price dispersion and a 4% to 5% drop in prices following the transparency regulation. The price drop varied across …
Persistent link: https://www.econbiz.de/10011809924
evil. Transparency allows for influential communication to external parties, but constrains internal communication …
Persistent link: https://www.econbiz.de/10011932570