for regulatory persistence based on regulatory fog,the phenomenon by which regulation obscures information about the eects … stochastically, and regulation undermines the regulator's ability to observe the state of the world. Compared to the full-information …Compared with other types of policy, regulation is very persistent, even when inefficient. We propose an explanation …

mathematical model that treats testing as an activity that generates information about technical and customer-need related problems …

been an increase in the level of information inputs and outputs associated with agricultural production. This paper …, and the rate of change in productivity. Using a martingale concept of ﾓmore information,ï¾” we identify conditions under … which more information increases the incentives to invest and engage in product differentiation. A theory on how genetic …

been an increase in the level of information inputs and outputs associated with agricultural production. This paper …, and the rate of change in productivity. Using a martingale concept of "more information," we identify conditions under … which more information increases the incentives to invest and engage in product differentiation. A theory on how genetic …

collects data that contains information about the firm's idiosyncratic private characteristics. This paper studies the case in … which the regulator uses information gleaned from past cost observations when designing the current period's contract. Cost … observations are obscured in stochastic settings and so perfect inferences about underlying private information are not possible …

collects data that contains information about the firm's id- iosyncratic private characteristics. This paper studies the case … in which the regulator uses information gleaned from past cost observations when designing the current pe- riod …'s contract. Cost observations are obscured in stochastic settings and so perfect inferences about underlying private information …