Arbeitspapier
Voluntary disclosure under imperfect competition: Experimental evidence
This study investigates disclosure behavior when a manager has incentives to influence the actions of a product market competitor in a Cournot duopoly. Theoretical research suggests that under various conditions the manager has incentives to withhold some signals and disclose others. Using an experimental economics method, we find support for partial information disclosure. Our results suggest that when the manager receives private information about industrywide cost, unfavorable (favorable) information is disclosed (withheld) and the competitor adjusts production accordingly. In contrast, when the manager receives private information about firm-specific cost, disclosure behavior is not affected by the favorableness of the information and the competitor's production decision is invariant to the disclosure choice.
- Language
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Englisch
- Bibliographic citation
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Series: Working Paper ; No. 98-7
- Classification
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Wirtschaft
- Subject
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Information theory
Microeconomics
- Event
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Geistige Schöpfung
- (who)
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Ackert, Lucy F.
Church, Bryan K.
Sankar, Mandira Roy
- Event
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Veröffentlichung
- (who)
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Federal Reserve Bank of Atlanta
- (where)
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Atlanta, GA
- (when)
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1998
- Handle
- Last update
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10.03.2025, 11:42 AM CET
Data provider
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Arbeitspapier
Associated
- Ackert, Lucy F.
- Church, Bryan K.
- Sankar, Mandira Roy
- Federal Reserve Bank of Atlanta
Time of origin
- 1998
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Voluntary Disclosure Programs for Tax Evaders
Imperfect competition, sequential auctions, and emissions trading: An experimental evaluation
Essays on voluntary disclosure in corporate narratives
Voluntary disclosure schemes for offshore tax evasion