External Benefits (e.g., Vaccination) How do negative externalities lead to market inefficiency?

Jun 21, 2023 ... Our results suggest that the positive effect of bank information on the pace of firm growth is not necessarily associated with a strengthening ... In the second essay, The Extensive Margin of Bayesian Persuasion, I study the persuasion of a receiver who accesses information only if she exerts attention ... Majors: Accounting, Accounting and Information Systems, Economics, Finance, Management, Management & Information Systems, Marketing. ... One microeconomics course ... More Info, Luciano Pomatto (CalTech) The Cost of Information: The Case of Constant Marginal Costs. 02/27/2023. More Info, Eran Shmaya (SUNY -Stony Brook) (JEL D82, D83). Page 2. 222. AMErIcAN EcoNoMIc JourNAL: MIcroEcoNoMIcS. NovEMBEr 2010 occurs. Each person imitates others' behavior and ignores her own ... Jan 15, 2013 ... This is an important result. 1.2 Asymmetric information and the revelation principle. Consider now the situation in which only the buyer knows ... competition · economic theory · economic trends · economics of information and uncertainty · game theory · microeconomic theory · microeconomics · price-setting. Asymmetric information occurs when one party to an economic transaction possesses greater material knowledge than the other party. The sellers know the quality of their car but suppose that the buyers can't tell which used cars are lemons and which are plums. Since the sellers have more ... Dec 1, 2010 ... When buyers and sellers have asymmetric information about market transactions, the trades that are transacted are likely to be a subset of the ...