author = "Cabrales, Antonio"

Found 32 documents, displaying page 2 of 4

## Markets for Information: Of Inefficient Firewalls and Efficient Monopolies

Description : In this paper we study, within a formal model, market environments where information is costly to acquire and is of use also to potential competitors. Agents may then sell, or buy, reports over the information acquired and choose the trades in the market on the basis of what they learnt. Reports are...
Repository : European University Institute Institutional Repository - Cadmus
Language(s) : English

## Competition, Hidden information, and Efficiency: an Experiment

Description : We devise an experiment to explore the effect of different degrees of competition on optimal contracts in a hidden-information context. In our benchmark case, each principal is matched with one agent of unknown type. In our second treatment, a principal can select one of three agents, while in a thi...
Repository : HAL - Hyper Article on Line
Language(s) : English

## Markets for information: of inefficient firewalls and efficient monopolies

Description : In this paper we build a formal model to study market environments where information is costly to acquire and is of use also to potential competitors. In such situations a market for information may form, where reports - of unverifiable quality - over the information acquired are sold. A complete ch...
Repository : EconStor
Language(s) : English

## Weak and Strong Altruism in Trait Groups: Reproductive Suicide, Personal Fitness, and Expected Value

Description : A simple variant of trait group selection, employing predators as the mechanism underlying group selection, supports contingent reproductive suicide as altruism (i.e., behavior lowering personal fitness while augmenting that of another) without kin assortment. The contingent suicidal type may either...
Repository : e-Repositori UPF
Language(s) : English

## The Determinants of Pricing in Pharmaceuticals: Are U.S. prices really higher than those of Canada?

Description : This paper studies price determination in pharmaceutical markets using data for 25 countries, six years and a comprehensive list of products from the MIDAS IMS database. We show that market power and the quality of the product has a significantly positive impact of prices. The nationality of the pro...
Repository : e-Repositori UPF
Language(s) : English

## Equilibrium Selection through Incomplete Information in Coordination Games: An Experimental Study

Description : We perform an experiment on a pure coordination game with uncertainty about the payoffs. Our game is closely related to models that have been used in many macroeconomic and financial applications to solve problems of equilibrium indeterminacy. In our experiment each subject receives a noisy signal a...
Repository : e-Repositori UPF
Language(s) : English

## Estimating Learning Models from Experimental Data

Description : We study the statistical properties of three estimation methods for a model of learning that is often fitted to experimental data: quadratic deviation measures without unobserved heterogeneity, and maximum likelihood with and without unobserved heterogeneity. After discussing identification issues, ...
Repository : e-Repositori UPF
Language(s) : English

## Forward Induction and the Excess Capacity Puzzle: An Experimental Investigation

Description : While the theoretical industrial organization literature has long argued that excess capacity can be used to deter entry into markets, there is little empirical evidence that incumbent firms effectively behave in this way. Bagwell and Ramey (1996) propose a game with a specific sequence of moves and...
Repository : e-Repositori UPF
Language(s) : English

## Entropy and the value of information for investors

Description : Consider any investor who fears ruin when facing any set of investments that satisfy no-arbitrage. Before investing, he can purchase information about the state of nature in the form of an information structure. Given his prior, information structure $\alpha$ is more informative than information str...
Repository : HAL - Hyper Article on Line
Language(s) : English

## Entropy and the value of information for investors

Description : Consider any investor who fears ruin facing any set of investments that satisfy no-arbitrage. Before investing, he can purchase information about the state of nature in the form of an information structure. Given his prior, information structure 'a' is more informative than information structure 'b'...
Repository : EconStor
Language(s) : English

Found 32 documents, displaying page 2 of 4