operate in disequilibrium,search and information costs become very important.Trafficking in drugs taken as case, to explore …

unverifiable private information about their costs. We investigate the conditions under which the firms cannot transmit any … information through cheap talk, and show that when these conditions are violated, it may be possible to construct informative …

information about their costs. We show that cheap talk between the firms cannot transmit any information. However, if the firms …

information about their costs. We show that cheap talk between the firms cannot transmit any information. However, if the firms …

enforcement costs. Then, we bring our conjectures to rich administrative Swedish microlevel data that include specific information …

information or trust is lacking. Immigrant employees could reduce such offshoring costs through their knowledge of their former …

increasingly common around the world. Using daily information on prices, click-throughs, and the number of retailers for a sample …

information flows from networks and the perceived risk of decisions associated with the future size of a firm. The main … proposition is that growth expectations might be the outcome of superior judgment stemming from privileged information derived … regarding growth might be the outcome of superior judgment stemming from privileged information derived from networks. Analysis …

A “third wave” of environmental policy has recently emerged that emphasizes information provision as an integral part … of the risk mitigation strategy. While theory suggests information programs may correct market failures and improve … welfare, the empirical effectiveness of these programs remains largely undetermined. We show that mandatory information …

In the context of firm decision-making, several motives for acquiring and conveying information exist. Information … acquire and communicate information. We employ a cheap-talk model with information acquisition and communication by a firm … incentive to overstate this value to persuade or impress external parties. We show that information acquisition and …