Information asymmetries are important in theory but difficult to identify in practice. We estimate the empirical …, combined with complete knowledge of the Lender's information set, permit identification of specific types of private … information problems. Specifically, our setup distinguishes adverse selection from moral hazard effects on repayment, and thereby …

What is the information content of news-based measures of sentiment? How are they related to economic fluctuations? I … country level, is a leading indicator of GDP growth and contains information on future GDP growth which is not captured by … consensus forecasts. This suggests that forecasters do not appropriately incorporate available information in predicting future …

idiosyncratic and unresponsive to information about the arrests of other random individuals and local neighborhood conditions. There …

study how perceptions respond to individual information about the probability of arrest and how perceptions affect criminal … and individual-specific. As a result, information about the arrests of others, local neighborhood conditions, and official … histories, but increases in true arrest rates will lower crime. Since it may take time for information about changes in actual …

rationality is rejected, indicating that parents do not utilize all available information in forming their assessment of quality …, parents interpret the signals incorrectly. The results demonstrate the existence of information asymmetry and adverse …