Strategic Disclosure, Analyst Behavior and Equity Flotation Costs

The Behavior Analyst Today

The Behavior Analyst Today

The Behavior Analyst Today

Previous approaches to functional assessment of tic and habit disorders have centred largely around environmental contingencies or interceptive sensory processes as positive reinforcers. The current article argues rather that ongoing telic behavioral activity is functionally linked to tic onset and so type of behavioral activity and overall action plan at the time of ticcing should also be asse...

Dynamic Disclosure with Uncertain Disclosure Costs∗

This paper extends the canonical single-period model of voluntary costly disclosure to a dynamic setting with asymmetric information over disclosure costs. I show that dynamic incentives have an ambiguous effect on firms’ disclosure decision and that the cost of disclosure no longer prevents full disclosure by all firms. My main results show that (1) there is a positive inter-temporal connectio...

Strategic disclosure of random variables

We consider a game Gn played by two players. There are n independent random variables Z1; : : : ; Zn, each of which is uniformly distributed on [0; 1]. Both players know n, the independence and the distribution of these random variables, but only player 1 knows the vector of realizations z := (z1; : : : ; zn) of them. Player 1 begins by choosing an order zk1 ; : : : ; zknof the realizations. Pl...