Entrepreneurship and asymmetric information in input markets
نویسندگان
چکیده
منابع مشابه
Asymmetric Information and Survival in Financial Markets
In the evolutionary setting for a nancial market developed by Blume and Easley (1992), we consider an in nitely repeated version of a model à la Grossman and Stiglitz (1980) with asymmetrically informed traders. Informed traders observe the realisation of a payo¤ relevant signal before making their portfolio decisions. Uninformed traders do not have direct access to this kind of information, b...
متن کاملCharacterizing Asymmetric Information in International Equity Markets
This paper studies international portfolio ßows of US investors to examine the information structure of international equity markets. Based on a model of portfolio choice with both public and private information, we propose new empirical measures of trades due to private information. We show that these trades help explain the cross section of international equity returns, after controlling for ...
متن کاملAsymmetric Information, Reputation, and Welfare in Online Credit Markets
This paper studies the impact of reputation/feedback systems on the operation of online credit markets using data from Prosper.com. The ability of lenders to recover their loans is one of the main concerns in these markets, where the problems of asymmetric information are two-fold. On the one hand, borrowers differ in their inherent risks; on the other hand, additional incentives are necessary ...
متن کاملCounteroffers and Efficiency in Labor Markets With Asymmetric Information
This paper considers the effect of offer matching on labor market outcomes when the current employer has better information about his worker’s productivity than potential employers. Previous research found that when current employers have better information than potential employers, the later use job assignment to infer an employed worker’s qualifications. As a result, assignment of workers to ...
متن کاملDaily Deal Websites in Markets with Asymmetric Information
We examine the role daily deal websites may serve in a two sided market with asymmetric information. Daily deal websites act as advertising intermediaries (platforms) by selling vendors’ deals to consumers. We investigate whether these websites can reduce uncertainty by segmenting each side of the market. Such segmentation ensures an improved match between vendors and consumers in terms of the ...
متن کاملذخیره در منابع من
با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید
ژورنال
عنوان ژورنال: International Tax and Public Finance
سال: 2010
ISSN: 0927-5940,1573-6970
DOI: 10.1007/s10797-010-9154-8