2) Asymmetric information occurs whenA) everyone has the same information.B) one person in a transaction has more information than the other.C) people engaging in a transaction are uncertain about future events.D) the information available to the people in a transaction is misleading or ...
“triggered” if others should demonstrate noncooperation. Evidence indicates that when the threat of a trigger that mandates defection forever given noncooperation of any group member (i.e., a “grim trigger”) exists, cooperation is higher than when it is not present (Sell & Wilson, 1999)....
We consider a general economy, where agents have private information about their types. Types can be multi-dimensional and potentially interdependent. We show that, if the realized frequency of types (the exact number of agents for each type) is common knowledge, then a mechanism exists, which ...
We consider a general economy, where agents have private information about their types. Types can be multidimensional and potentially interdependent. We show that, if the realized frequency of types (the exact number of agents for each type) is common knowledge, then a mechanism exists, which is...
ExistsInCollection 退出 ExitFullScreen ExlcudeScript 展开 ExpandableContentControl ExpandAll ExpandArrow ExpandDown ExpandDownGroup Expander ExpandRight ExpandRightGroup ExpandScope ExplodedDoughnutChart ExplodedPieChart 导出 ExportData ExportFilter ExportPerformanceReport ExportScript ExportSettings ExportTestRunResults...
You need to be mindful of this fact when storing state information. In addition, one server can be used by many clients. Since the client and server will need to store a shared encryption key (and since it would not be secure for the server to distribute the same shared...
Asymmetric information exists in certain deals whereby one party has more or better information than the other. This is usually the case in the sale of an item. For example, if a homeowner wanted to sell their house, they would have more information about the house than the buyer. They mig...
The tag phrase identifying the problem came from the example of used cars Akerlof used to illustrate the concept of asymmetric information, as defective used cars are commonly referred to aslemons.1 The lemons problem exists in the marketplace for both consumer and business products (and in inves...
:Presents a study which analyzed the consequences of different assumptions regarding the kind of uncertainty that exists at the constitutional stage of a t... Mueller,C Dennis - 《Public Choice》 被引量: 27发表: 2001年 On the Structure of Tenancy Contracts: Theory and Evidence from 19th Centur...
In recent years much attention has been given to analyzing the economics of asymmetric information.' In most studies, it is agreed that monitoring arises in a context in which there exists information asymmetry between two or more partie... David,S.,Ng,Jan,... - 《Journal of Accounting Rese...