Article Abstract:
An analysis of optimal information exchange is presented. The analysis focuses on the costs of sharing information and examines the motive for such exchanges. Itis shown that optimal methods vary for competing and colluding firms. Competingfirms exhibit optimal results under multiple pool information sharing while colluding firms optimize in unit pools. Empirical tests must be developed for evaluating firm information motives.
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Article Abstract:
An analysis of the impact on investments of information is presented. The analysis focuses on the role of perfect information in the investment problem under basic contingent claims. Itis shown that a class of agents who consider monotone information value for contingent claim worth and riskiness are observed. In addition, conditions of information value and level of willingnes for paying optimal information is considered.
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Article Abstract:
The potential opportunity loss for a firm from the mandatory disclosure of financial information according to the Securities and Exchange Commission disclosure requirements is examined. A firm's desire for increased disclosure requirements always strengthens despite the decline in information cost.
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