In this paper, we investigate how information revelation rules affect the existence and the efficiency of equilibria in … our framework, more information revelation leads to less efficient outcomes …

We investigate experimentally the effects of corrupt experts on information aggregation in committees. We find that non … decreased abstention when the probability of corrupt experts is low, actually increases information efficiency in committee … effect of decreased information efficiency due to corrupt experts. Our results demonstrate that the norm of “letting the …

beyond reach, then it is generally optimal to concede an information rent to one type only …

We consider a general information design problem in which the task of running a procedure generating information for a …-off between generating information with an eye to the continuation game, and incentivizing the agent to comply with the procedure …

public firms’ earnings announcements predict traditional economic indicators and contain incremental information that is …

: SERs are useful when the job requires multidimensional skills or when the employees have private information about the …

Contrary to the prediction of the classic adverse selection theory, a more informed trader could receive better pricing …, their incentive of information chasing dominates their fear of adverse selection. In a more general setting, information …

We study third-degree price discrimination in the presence of uninformed buyers who extract noisy information from … posterior beliefs is reduced. Specifically, observing two prices under discriminatory pricing provides more information than one … price under uniform pricing even when discriminatory pricing reduces the amount of information contained in each price. On …

This paper reconsiders the Rothschild-Stiglitz insurance market model by information theory. The seminal work by …), and uses information theory to estimate the costs and benefits of the information contained in indices. Consequently, this … insurance consumers. This paper approaches the problem as a sequential Bayesian game (a dynamic game with incomplete information …

-lived information. We show that the learning is effective and valuable with respect to information acquisition, forecasting and buy …-sell decision accuracies, and profit opportunity for uninformed traders. It improves market information dissemination efficiency and … with longer information lag, higher volatile in fundamental value, and less informed traders …