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Asymmetric solutions to asymmetric information problems [PDF]
International Review of Law and Economics, 2021 This paper studies markets plagued with asymmetric information on the quality of traded goods. In Akerlof's setting, sellers are better informed than buyers. In contrast, we examine cases where buyers are better informed than sellers. This creates an inverse adverse selection problem: the market tends to disappear from the bottom rather than from the ...
Giuseppe Dari-Mattiacci +2 more
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Operational Strategy for Low-Carbon Supply Chain under Asymmetric Information of Fairness Concerns
Discrete Dynamics in Nature and Society, 2022 Carbon emission reduction has become a common hot topic around the world. Although the previous literature has proven that the asymmetric information and fairness concerns would influence the operational strategy for low-carbon supply chain, it hardly ...
Guangxing Wei +3 more
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Asymmetric Information And Overeducation [PDF]
The B.E. Journal of Economic Analysis & Policy, 2012 Abstract We consider an economy where production may use labor of two different skill levels. Workers are heterogeneous and, by investing in education, self-select into one of the two skills. Ex-ante, when firms choose their investments in physical capital, they do not know the level of human capital prevailing in the labor market ...
C. Mendolicchio +2 more
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Asymmetric information: Causes, consequences and the market and institutional responses [PDF]
Ekonomski Pogledi, 2016 One of the assumptions of perfect competition market model is symmetric (full) information of market participants. However, in reality, market participants are most often asymmetrically informed.
Trivić Nada
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Self-Enforcing Price Leadership
Games, 2021 A dynamic Bertrand-duopoly model where price leadership emerges in equilibrium is developed. In the price leadership equilibrium, a firm leads price changes and its competitor always matches in the next period. The firms produce a homogeneous product and
Gustavo Gudino
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Asymmetric information and rationalizability [PDF]
Economic Theory, 2012 zbMATH Open Web Interface contents unavailable due to conflicting licenses.
Desgranges, Gabriel, Gauthier, Stéphane
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Information Disclosure through Technology Licensing
Games, 2020 We show that even if information transmission through an honest outside agency is not possible due to the possibility of collusion between the firms and the outside agency, information transmission is still possible through technology licensing. However,
Arijit Mukherjee, Aniruddha Bagchi
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Escalation of commitment and CEO departures: theory and evidence
Journal of Business Economics and Management, 2021 The escalation of commitment process involves a decision-maker continuing commitment to an investment after receiving negative information. This study develops a principal-agent model to explore how escalation decisions are linked with departures of CEOs
Dmitriy V. Chulkov, John M. Barron
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Competitive Equilibria with Asymmetric Information [PDF]
Journal of Economic Theory, 1999 zbMATH Open Web Interface contents unavailable due to conflicting licenses.
BISIN A., GOTTARDI, Piero
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The Effect of Information Sharing on Tax-to-GDP Ratio [PDF]
Faslnāmah-i Pizhūhish/Nāmah-i Iqtisādī, 2016 In real world, taxpayers have private information of which tax agencies are either completely or partly not aware of. This issue gives rise to the so-called asymmetric information problem, seriously preventing tax laws from being justly and efficiently ...
Zahra Ziya’i +2 more
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