Maskin and Riley (2000a) compared the seller's expected revenue in FPA against an English auction and found that ranking is not unambiguous but depends on the kind of asymmetries between bidders. In particular, the sealed bid FPA is superior when the probability distribution of the stronger ...
Keywords 1. Introduction 2. How and why information asymmetries arise 3. GDPR approach to information asymmetries 4. The limits of transparency in combating information asymmetries on the data-driven market 5. Conclusion Declaration of Competing Interest FundingShow full outline Cited by (31) ...
In contrast, in the case of a single (type of) commodity, we find that when informational asymmetries arise after the trading period (e.g. moral hazard; ex post hidden types) external effects are fully internalized at a market equilibrium.Belen Jerez...
aSumming up, we argue that information asymmetries arise when supply chain members negotiate the terms of delivery (e.g. JiT delivery) 总结,我们争辩说,信息非对称出现,当供应链成员谈判交货期限(即。 JiT交付)[translate] a一个宿舍的男生聚在一起庆祝 A dormitory male increase in population and wealt...
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?
Atfirst,financialintermediariescanbeasolutiontotheproblemscausedbyinformationasymmetries.Usually,twoproblemsarisefromtheimperfectdistributionofinformationamongparties.Thefirstoneisadverseselection,sayingthattheaveragequalityofproductsinmarkettransactionsseemtoreduceasbadproductscausedbyinformationasymmetriesandreductionofmarketprice...
This result reveals that, in the presence of infor- mation asymmetries when financing corporate innovation, banks benefit from the econo- mies of scale in acquiring more specialized information. This paper also differs from prior literature by offering additional evidence on the favorable effects of ...
In the case of a vertically integrated supply chain (Scenario C), naturally, no information asymmetries occur. In our model, the return rate, i.e., the fraction of first-period customers who return their product, is indicated by \(\theta\). We assume \(\theta\) to be a random ...
This paper studies the role of information asymmetries in second price, common value auctions. Motivated by information structures that arise commonly in applications such as online advertising, we seek to understand what types of information asymmetries lead to substantial reductions in ...
Much of the literature surveyed in this chapter, especially in Sections 6.2–6.4, although novel when I began my career, has become part of the established literature. More recent literature has, as hinted at in Section 6.5, involved asymmetries that arise endogenously.100 This topic remains an...