Isbn: 9781334344596 - signalling, information dissemination, and timing of information acquisition (classic reprint) (3 risultati)

PAP. Condizione: New. New Book. Shipped from UK. Established seller since 2000.

PAP. Condizione: New. New Book. Shipped from UK. Established seller since 2000.

Paperback. Condizione: New. Print on Demand. This book studies how firms' timing of private information acquisition affects market equilibrium in a duopoly. The book introduces a multi-period signaling model to explore this topic in the context of two main market uncertainty scenarios: uncertainty of industry-wide conditions and uncertainty about individual firms' costs. The author finds that the optimal information acquisition strategy depends on the nature of the uncertainty and the precision of the available information. In many cases studied, firms prefer to delay the acquisition of information when there is uncertainty about industry-wide conditions, but prefer to acquire information as soon as possible when there is uncertainty about individual firm costs. The study is significant because it provides new insights into how information asymmetry and signaling affect market outcomes, and offers testable predictions for empirical research. This book is a reproduction of an important historical work, digitally reconstructed using state-of-the-art technology to preserve the original format. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in the book. print-on-demand item.…