نتایج جستجو برای: informativeness
تعداد نتایج: 1619 فیلتر نتایج به سال:
Restricting insider trading enhances price informativeness by encouraging investors to acquire and trade on private information. Therefore, corporate investment should be more sensitive to stock prices and more efficient as stock prices provide more precise information to guide the investment decisions. Consistent with this hypothesis, we find that the investment-to-price sensitivity increases ...
This paper models the interactions among technological innovation, product market competition and information leakage via the stock market. There are two rms who compete in a product market and have an opportunity to invest in a risky technology either early on as a leader or later once stock prices reveal the value of the technology. Information leakage thus introduces an option of waiting, w...
When answering questions from memory, respondents strategically control the precision or coarseness of their answers. This grain control process is guided by 2 countervailing aims: to be informative and to be correct. Previously, M. Goldsmith, A. Koriat, and A. Weinberg Eliezer (2002) proposed a satisfying model in which respondents provide the most precise answer that passes a minimum-confiden...
We analyze a rational-expectations model of price formation in an intermediategood market under uncertainty. There is a continuum of dyads, each consisting of an upstream party and a downstream party. Both parties can make speci c investments at private cost. As in property-rights models, di¤erent governance structures induce di¤erent investments. As in rational-expectations models, some partie...
I apply the model of semantic universals in terms informativeness/complexity trade-off (Kemp, Xu, and Regier 2018) to Boolean connectives. The explains crosslinguistic absence connective NAND, once theoretical insights from Horn 1972 Katzir Singh 2013 are incorporated. lack NAND follows if languages optimize between (a) simplicity lexicon measured primitive symbols (b) informativeness accurate ...
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