“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)....
This article studies a model of regulation under asymmetric information when there exists a competitive fringe of unregulated alternative producers. The co... B Caillaud - 《Journal of Economic Theory》 被引量: 85发表: 1990年 Multiplicity of Eco-Labels, Competition, and the Environment This article...
In customer markets an information asymmetry exists between a firm's current customers and prospective customers. When a firm changes its price, current customers are instantly aware of the price change, while potential customers are informed slowly of the change. The paper explicitly models this ...
What is the adverse selection problem, when does it appear, and why? a. What information asymmetry exists in the business (either in dealing with customers or the employee side of the business)? b. What solutions have restaurants found to deal with these asymmetries?
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...
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When credit market frictions exist, asymmetric information between lenders and borrowers leads to a negative relationship between the borrower’s net worth and its external financing costs. Credit-market friction, therefore, amplifies the effects of monetary policy shocks on the economy when that policy...
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...