technology, we provide an information-theoretical foundation of the gravity equation that links bilateral trade flows with the … large effects on trade flows as importers endogenously process different amounts of information across countries. We also … show that, unlike traditional trade costs, information costs have non-monotonic implications for bilateral trade flows …

Purpose – The purpose of this paper is to examine the implications of overconfidence for information acquisition and … and rational traders endogenously acquiring costly differential information. Findings – The paper shows that overconfident … traders acquire more information than do rational traders, and improve market informational efficiency by making price more …

Introduction: Silks, A Global Perspective -- Part I: Exchanges, Markets And Trade -- 1. The Golden Age Of Valencian … Distribution Of Silks In The United Provinces In The 18th Century -- 3. The Impact Of Sino-European Trade On Chinese Silk … Production From The Mid 17th To The Early 20th Century -- 4. From Southeast Asia To Japan. Trade, Circulation, And Uses Of Silk …

It is a common view that private information in the foreign exchange market does not exist. We provide evidence against … with the introduction of trading, which cannot be due to public information since the flow of public information did not … change with the trading rules. Having eliminated public information as the cause, we exploit recent results in micorstructure …

Asymmetric information about true opportunity cost in trade between a multinational and its foreign affiliate can … it increase the parent multinational's information rent that is protected from a host government's confiscatory taxation. …

reputation and ethnic conflict is built. Depending on the information structure and the reputation cost of defecting, economic … interaction can either result in (peaceful) trade or in appropriative conflict. Ethnic divisions affect the reputation cost of …

I develop a simple new model of strategic trade with endogenous timing, generalizaing Glosten and Milgrom (1985) : A … competitive market maker faces n risk neutral traders with unit demands or suppliers. It is private information whether any given … make a trade at a random time. The market is open for an exponential length of time. …