Long-Term Contracts, Commitment, and Optimal Information Disclosure
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https://www.nber.org/papers/w33051
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资源简介：
This paper studies optimal information disclosure in dynamic insurance economies with income risk in which an incumbent firm acquires more information about a consumer's persistent type than the rest of the market does. We find that if the incumbent can commit to long-term contracts but the consumer
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美国国家经济研究局创建时间：
2024-10-01
