Inter-firm information exchange with respect to the reliability of trade partners may be unmediated in the sense that … it involves direct communication between the personnel of two firms. Alternatively, this information flow may be … conveying reputational information. Based on evidence from five transition countries, we find that trade associations’ role as …

information and incentives to invest in quality, a comprehensive contract is likely to be more efficient. These findings offer an …

In an evolutionary delegation game, we investigate the effects on market outputs of different levels of information … information -- by hiding the current composition of the industry -- then we show how managers' beliefs affect the long run …

phenomenon include agency and moral hazard problems, imperfect information and incentives, myopia, and X-inefficiency. Data from …

Obtaining information about changes in market conditions is vital for the survival of the firms operating in a changing … environment. In this paper, we offer a theory of information flows in a setting in which the principal faces a project choice and … between the project and the environment. Distortions in information flows arise since the production cost is known only to the …

whether or not information on contractual disputes between firms is disseminated to other market participants. We find that …