Arya, Anil; Frimor, Hans; Mittendorf, Brian - In: Management Science 56 (2010) 4, pp. 645-658
The seminal "unraveling" result in the disclosure literature posits that discretion inevitably leads to full disclosure, even when such disclosure has detrimental consequences. In this paper, we revisit optimal disclosure of proprietary information when firms compete in multiple markets. The...