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Taylor, Curtis R. - 2008

Personal privacy is studied in the context of a competitive product (or labor) market. In the first stage of the game, firms that sell homogeneous goods or services (e.g., insurance, credit, or rental housing) post prices they promise to charge approved applicants. In the second stage, each...

Persistent link: https://www.econbiz.de/10014078120

Good News or Bad News? Information Acquisition and Applicant Screening in Competitive Labor Markets

Wagman, Liad - 2014

We model a competitive labor market with heterogeneous firms of varying productivities, and consider two information-collection processes: searching for "good news" about applicants, and searching for "bad news." Under the former, firms seek positive signals to qualify applicants, and under the...

Persistent link: https://www.econbiz.de/10013061024

Dealers as Information Intermediaries in Over-the-Counter Market

Li, Wei - 2019

We model the role of dealers in information diffusion in over-the-counter (OTC) markets. A dealer maintains relationships with a network of both informed customers who trade to profit from private information pertaining to asset values and risk-averse liquidity customers who trade to meet...

Persistent link: https://www.econbiz.de/10012890811

An Information-Theoretical Analysis of Budget-Constrained Nonpoint Source Pollution Control

Kaplan, Jonathan D.; Howitt, Richard E.; Farzin, Y. Hossein - 2014

This paper analyses budget-constrained, nonpoint source (NPS) pollution control with costly information acquisition and learning. To overcome the inherent ill-posed statistical problem in NPS pollution data the sequential entropy filter is applied to the sediment load management program for...

Persistent link: https://www.econbiz.de/10014143901

Making Firms Liable for Consumers' Mistaken Beliefs : Theoretical Model and Empirical Applications to the U.S. Mortgage and Credit Card Markets

Alexandrov, Alexei - 2017

when U.S. residential mortgage creditors became liable for failing to consider a borrower's future ability to repay the … mortgage, suggesting that these events improved consumer surplus and might have improved social welfare …

Persistent link: https://www.econbiz.de/10012971834

Value of Information, Search, and Competition in the UK Mortgage Market

Myśliwski, Mateusz; Rostom, May - 2022

provided to UK households by mortgage brokers. Using administrative data on loans originating in 2016 and 2017, we document the … average monthly mortgage costs by 21%, and welfare losses arising from search frictions by 70% – although the results differ …’ markups and lowers monthly costs of an average mortgage by 4.4% …

Persistent link: https://www.econbiz.de/10013290340

Endogenous Information Acquisition and the Partial Announcement Policy

ARATO, Hiroki - 2020

We consider implementability and the welfare effects of a partial announcement policy using a model of a beauty contest where agents' actions are strategic complements and where their decisions on public information acquisition are endogenous. The following results are obtained: i) if the...

Persistent link: https://www.econbiz.de/10012856822

Market-Minded Informational Intermediary and Unintended Welfare Loss

Xu, Wenji; Yang, Kai Hao - 2022

This paper examines the welfare effects of informational intermediation. A (shortlived) seller sets the price of a product that is sold through a (long-lived) informational intermediary. The intermediary can disclose information about the product to consumers, earns a fixed percentage of the...

Persistent link: https://www.econbiz.de/10013295534

Procompetitive Justifications in Antitrust Law

Newman, John M. - 2020

The Rule of Reason, which has come to dominate modern antitrust law, allows defendants the opportunity to justify their conduct by demonstrating “procompetitive” effects. Seizing the opportunity, defendants have begun offering increasingly numerous and creative explanations for their...

Persistent link: https://www.econbiz.de/10012853929

Green Eggs and Ham : The CISG, Path Dependence, and the Behavioural Economics of Lawyers’ Choices of Law in International Sales Contracts

Spagnolo, Lisa - 2022

market distortion; rational decision making within game theory frameworks under different jurisdictional background …

Persistent link: https://www.econbiz.de/10014192105

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