Secrecy Rules and Exploratory Investment: Theory and Evidence from the Shale Boom
收藏NBER2022-10-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w30548
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资源简介：
We analyze how information disclosure policy affects investment efficiency in non-cooperative settings with information externalities. In a two-firm, two-period model, we characterize equilibrium behavior under policies which disclose whether investment returns exceed a predefined level. These
提供机构：
美国国家经济研究局
创建时间：
2022-10-01
