Competition and Strategic Information Acquisition in Credit Markets

2006 ◽  
Vol 19 (3) ◽  
pp. 967-1000 ◽  
Author(s):  
Robert Hauswald ◽  
Robert Marquez
Keyword(s):  
Information Acquisition ◽  
Credit Markets ◽  
Strategic Information

scholarly journals Strategic Information Acquisition and Transmission

2016 ◽  
Vol 8 (3) ◽  
pp. 119-155 ◽  
Author(s):  
Rossella Argenziano ◽  
Sergei Severinov ◽  
Francesco Squintani
Keyword(s):  
Decision Making ◽  
Decision Maker ◽  
Information Acquisition ◽  
Organization Design ◽  
Strategic Communication ◽  
Strategic Information ◽  
Costly Information ◽  
Design Communication

This paper explores the implications of costly information acquisition in a strategic communication setting. We show that equilibrium decisions based on a biased expert's advice may be more precise than when information is directly acquired by the decision maker, even if the expert is not more efficient than the decision maker at acquiring information. This result bears important implications for organization design. Communication by an expert to a decision maker may often outperform delegation of the decision-making authority to the expert, as well as centralization by the decision maker of both information acquisition and decision-making authority. (JEL C72, D23, D82, D83)

Strategic Information Acquisition in Capital Markets*

2001 ◽  
Vol 52 (3) ◽  
pp. 316-327 ◽  
Author(s):  
Andreas Szczutkowski
Keyword(s):  
Capital Markets ◽  
Information Acquisition ◽  
Strategic Information
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