Experimental Evidence of Pooling Outcomes Under Information Asymmetry

Published Online:https://doi.org/10.1287/mnsc.2015.2407

References

  • Anand KS, Goyal M (2009) Strategic information management under leakage in a supply chain. Management Sci. 55(3):438–452.LinkGoogle Scholar
  • Banks J, Camerer C, Porter D (1994) An experimental analysis of Nash refinements in signaling games. Games Econom. Behav. 6(1):1–31.CrossrefGoogle Scholar
  • Barton D (2011) Capitalism for the long term. Harvard Bus. Rev. 89(3):3–9.Google Scholar
  • Bebchuk LA, Stole LA (1993) Do short-term objectives lead to under- or overinvestment in long-term projects? J. Finance 48(2):719–729.CrossrefGoogle Scholar
  • Bolton P, Dewatripont M (2005) Contract Theory (MIT Press, Cambridge, MA).Google Scholar
  • Bolton GE, Katok E (2008) Learning by doing in the newsvendor problem: A laboratory investigation of the role of experience and feedback. Manufacturing Service Oper. Management 10(3):519–538.LinkGoogle Scholar
  • Bostian AJ, Holt CA, Smith AM (2008) Newsvendor “pull-to-center” effect: Adaptive learning in a laboratory experiment. Manufacturing Service Oper. Management 10(4):590–608.LinkGoogle Scholar
  • Brandts J, Charness G (2011) The strategy versus the direct-response method: A first survey of experimental comparisons. Experiment. Econom. 14(3):375–398.CrossrefGoogle Scholar
  • Brandts J, Holt CA (1992) An experimental test of equilibrium dominance in signaling games. Amer. Econom. Rev. 82(5):1350–1365.Google Scholar
  • Brandts J, Holt CA (1993) Adjustment patterns and equilibrium selection in experimental signaling games. Internat. J. Game Theory 22(3):279–302.CrossrefGoogle Scholar
  • Brandts J, Holt CA (1996) Naive Bayesian learning and adjustment to equilibrium in signaling games. Working paper, University of Virginia, Charlottesville.Google Scholar
  • Bruns WJ Jr, Merchant KA (1990) The dangerous morality of managing earnings. Management Accounting 72(2):22–25.Google Scholar
  • Cachon GP, Lariviere MA (2001) Contracting to assure supply: How to share demand forecasts in a supply chain. Management Sci. 47(5):629–646.LinkGoogle Scholar
  • Camerer CF, Ho T-H, Chong J-K (2004) A cognitive hierarchy model of games. Quart. J. Econom. 119(3):861–898.CrossrefGoogle Scholar
  • Cho I-K, Kreps DM (1987) Signaling games and stable equilibria. Quart. J. Econom. 102(2):179–221.CrossrefGoogle Scholar
  • Cooper DJ, Garvin S, Kagel JH (1997) Signalling and adaptive learning in an entry limit pricing game. RAND J. Econom. 28(4):662–683.CrossrefGoogle Scholar
  • Debo L, Veeraraghavan S (2010) Prices and congestion as signals of quality. Working paper, Chicago Booth School of Business, University of Chicago, Chicago.Google Scholar
  • Desai PS, Srinivasan K (1995) Demand signalling under unobservable effort in franchising: Linear and nonlinear price contracts. Management Sci. 41(10):1608–1623.LinkGoogle Scholar
  • Fishman MJ, Hagerty KM (2003) Mandatory versus voluntary disclosure in markets with informed and uninformed customers. J. Law, Econom., Organ. 19(1):45–63.CrossrefGoogle Scholar
  • Fudenberg D, Tirole J (1991) Game Theory (MIT Press, Cambridge, MA).Google Scholar
  • Gomes A (2000) Going public without governance: Managerial reputation effects. J. Finance 55(2):615–646.CrossrefGoogle Scholar
  • Graham JR, Harvey CR, Rajgopal S (2005) The economic implications of corporate financial reporting. J. Accounting Econom. 40(1–3):3–73.CrossrefGoogle Scholar
  • Ho T-H, Weigelt K (1996) Task complexity, equilibrium selection, and learning: An experimental study. Management Sci. 42(5):659–679.LinkGoogle Scholar
  • Holmström B (1999) Managerial incentive problems: A dynamic perspective. Rev. Econom. Stud. 66(1):169–182.CrossrefGoogle Scholar
  • Holt CA, Laury SK (2002) Risk aversion and incentive effects. Amer. Econom. Rev. 92(5):1644–1655.CrossrefGoogle Scholar
  • İşlegen O, Plambeck EL (2007) Capacity leadership in supply chains with asymmetric demand information and noncontractible capacity. Working paper, Stanford Graduate School of Business, Stanford University, Stanford, CA.Google Scholar
  • Kremer M, Minner S, Van Wassenhove LN (2010) Do random errors explain newsvendor behavior? Manufacturing Service Oper. Management 12(4):673–681.LinkGoogle Scholar
  • Kreps DM, Sobel J (1992) Signalling. Aumann RJ, Hart S, eds. Handbook of Game Theory with Economic Applications, Vol. 11 (North-Holland, Amsterdam), 850–867.Google Scholar
  • Lai G, Debo L, Nan L (2011) Channel stuffing with short-term interest in market value. Management Sci. 57(2):332–346.LinkGoogle Scholar
  • Lai G, Xiao W, Yang J (2012) Supply chain performance under market valuation: An operational approach to restore efficiency. Management Sci. 58(10):1933–1951.LinkGoogle Scholar
  • Lariviere MA, Padmanabhan V (1997) Slotting allowances and new product introductions. Marketing Sci. 16(2):112–128.LinkGoogle Scholar
  • Li Z, Gilbert SM, Lai G (2014) Supplier encroachment under asymmetric information. Management Sci. 60(2):449–462.LinkGoogle Scholar
  • Mailath GJ, Okuno-Fujiwara M, Postlewaite A (1993) Belief-based refinements in signalling games. J. Econom. Theory 60(2):241–276.CrossrefGoogle Scholar
  • Mas-Colell A, Whinston MD, Green JR (1995) Microeconomic Theory (Oxford University Press, New York).Google Scholar
  • Narayanan MP (1985) Managerial incentives for short-term results. J. Finance 40(5):1469–1484.CrossrefGoogle Scholar
  • Özer Ö, Wei W (2006) Strategic commitments for an optimal capacity decision under asymmetric forecast information. Management Sci. 52(8):1238–1257.LinkGoogle Scholar
  • Riley JG (2001) Silver signals: Twenty-five years of screening and signaling. J. Econom. Literature 39(2):432–478.CrossrefGoogle Scholar
  • Roth A (1995) Bargaining experiments. Kagel J, Roth A, eds. Handbook of Experimental Economics (Princeton University Press, Princeton, NJ), 253–348.CrossrefGoogle Scholar
  • Salanie B (2005) The Economics of Contracts: A Primer, 2nd ed. (MIT Press, Cambridge, MA).Google Scholar
  • Schmidt W, Gaur V, Lai R, Raman A (2015) Signaling to partially informed investors in the newsvendor model. Production Oper. Management 24(3):383–401.CrossrefGoogle Scholar
  • Schweitzer ME, Cachon GP (2000) Decision bias in the newsvendor problem with a known demand distribution: Experimental evidence. Management Sci. 46(3):404–420.LinkGoogle Scholar
  • Spiegel Y, Spulber DF (1997) Capital structure with countervailing incentives. RAND J. Econom. 28(1):1–24.CrossrefGoogle Scholar
  • Stein JC (2003) Agency, information and corporate investment. Constantinides GM, Harris M, Stulz RM, eds. Handbook of the Economics of Finance, 1st ed., Vol. 21 (Elsevier North-Holland, Amsterdam), 110–163.CrossrefGoogle Scholar
  • Taylor CR (1999) Time-on-the-market as a sign of quality. Rev. Econom. Stud. 66(3):555–578.CrossrefGoogle Scholar
INFORMS site uses cookies to store information on your computer. Some are essential to make our site work; Others help us improve the user experience. By using this site, you consent to the placement of these cookies. Please read our Privacy Statement to learn more.