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

A sender chooses ex ante how information will be disclosed ex post. A receiver obtains public information and … information disclosed by the sender. Then he takes one of two actions. The sender wishes to maximize the probability that the … cutoff. I derive necessary and sufficient conditions for the senders and receivers welfare to be monotonic in information …

the addition of several new chapters on risk sharing, asymmetric information, adverse selection, signaling and moral … asymmetric information in contractual relationships. It is richly illustrated with 150 figures. It is suitable for both self …

Consider an investment problem with strategic complementarities and incomplete information about returns. This paper … shows that investors aggregate their private information in equilibrium by trading a token and observing its market price … over multiple rounds before making the investment decision. This result is robust to the information environment. The paper …

In this article, we deal with the topic of intentional information spillover using a model in which both informational … are heterogeneous in the quality of their information, compete with one another in a common task. According to the results … action. When acting without a delay, they reveal their information with the hope that others will imitate them. This type of …

information on the value of the IV. This leads to violation of the exclusion restriction. We analyze this in a dynamic economic …