This paper studies the incentives for interim voluntary disclosure of verifiable information in probabilistic all … strong-form disclosure principle is robust with respect to correlation, partitional evidence, randomized disclosures …

A principal acquires information about a shock and then discloses it to an agent. After the disclosure, the principal … principal maximizes his expected payoff by controlling the quality of his information, and the disclosure rule. We show that …

communication, mandate not only the content but also the format of disclosure, and regulate product design. …

costs. I present a simple economic mechanism under which such disclosure often leads to more informative, but at the same … naive or delegating receivers; disclosure is thus not a Pareto-improvement among receivers. I identify general conditions of … the information structure under which this effect manifests and show that whenever it does, full disclosure is socially …

costs. I present a simple economic mechanism under which such disclosure often leads to more informative, but at the same … delegating receivers; disclosure is thus not a Pareto-improvement among receivers. I identify general conditions of the … information structure under which this effect manifests and show that whenever it does, full disclosure is socially inefficient …

The theory of voluntary disclosure of information posits that market forces lead senders to disclose information … adverse inferences about non-disclosed information. Previous research finds that receivers do not sufficiently infer non-disclosure … that competition between senders positively affects disclosure of information and receivers' welfare. …

This paper studies the incentives for interim voluntary disclosure of verifiable information in probabilistic all … favorite will try to discourage the underdog - so that the contest unravels. Self-disclosure is optimal even though a weak …

We model firms' quality disclosure and pricing in the presence of cursed consumers, who fail to be sufficiently … that work under monopoly, i.e. mandatory disclosure, third party disclosure and consumer education, may all increase …