This paper has investigated the asymmetric policies of information sharing in duopoly. We built on the classic model of Gal-Or (1985), extended to allow different precisions of firms' private information, as Gal-Or (1985) suggested in her conclusion. We find that asymmetric equilibria will...

We examine the strategic role of information transmission in a repeated principal-agent relationship where the agent produces information that is useful to the principal. The agent values continuous employment for the principal because he makes a relationship-specific investment that can yield...

Information regarding economic fundamentals is widely dispersed in society, is only imperfectly aggregated through prices or other indicators of aggregate activity, and can not be centralized by the government or any other institution. In this paper we seek to identify policies that can improve...

This paper analyzes an election game where self-interested politicians can exploit the lack of information that voters have about candidates' preferred policies in order to pursue their own agendas. In such a setup, we study the incentives of newspapers to acquire costly information, and how...

Consider an investment problem with strategic complementarities and incomplete information about returns. This paper shows that investors aggregate their private information in equilibrium by trading a token and observing its market price over multiple rounds before making the investment...

We study the effects of unequal representation in the interest group system on the degree of information transmission between a lobbyist and a policymaker. Employing a dynamic cheap talk model in which the lobbyist cares instrumentally about his reputation for truthtelling, we show that the...

This paper investigates robust information transmission between a sender and a receiver in the Crawford and Sobel (1982) model. We characterize behavior that remains equilibrium behavior independently of the form of a small communication cost. Under standard conditions, we find that an...

We offer a model in which sequences of individuals often converge upon poor decisions and are prone to fads, despite communication of the payoff outcomes from past choices. This reflects both direct and indirect action-based information externalities. In contrast with previous cascades...

Multinational enterprises form long value chains linking subsidiaries and affiliates in many countries. Some governments provide tax preferences which may distort the rightful profit distribution over the value chains. This profit shifting is elusive for the involved countries because no...

Signaling strategies which sellers of high quality securities, goods, or services employ to differentiate their securities or products from those of lower quality include: (1) developing a reputation for high quality, (2) certification by a respected third party (e.g., underwriters, bond rating...