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Learning by Doing with Asymmetric Information: Evidence from Prosper
Prosper;Asymmetric Information
2015/9/21
Using peer-to-peer (P2P) lending as an example, we show that learning by doing plays an
important role in alleviating the information asymmetry between market players. Although
the P2P platform (Pro...
An Econometric Analysis of the Asymmetric Information, Regu lator-Ut lity Interaction
Asymmetric Information Regu lator-Ut lity
2015/7/31
This paper presents procedures for estimating the parameters of a
regulated firm's production function which explicitly model the impact of the private
information possessed by utility in the regu...
OPTIMAL MANDATES AND THE WELFARE COST OF ASYMMETRIC INFORMATION: EVIDENCE FROM THE U.K. ANNUITY MARKET
Annuities contract choice adverse selection
2015/7/17
Much of the extensive empirical literature on insurance markets has focused on
whether adverse selection can be detected. Once detected, however, there has been
little attempt to quantify its welfar...
Indirect Copyright Infringement Liability for ISPs and The Economics of Contracts under Asymmetric Information
Indirect Copyright Infringement Liability for ISPs The Economics of Contracts Asymmetric Information
2014/6/24
Under current copyright law, Internet Service Providers (ISPs) can be found liable for the traffic on the websites that they host. While the ISPs themselves are not undertaking acts that infringe copy...
Emergence of product differentiation from consumer heterogeneity and asymmetric information
Emergence product differentiation consumer heterogeneity asymmetric information
2010/12/17
We introduce a fully probabilistic framework of consumer product choice based on quality assessment. It allows us to capture many aspects of marketing such as partial information asymmetry, quality di...