Voluntary disclosure and market competition: Theory and evidence from the U.S. services sector
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DOI: 10.1016/j.ribaf.2018.08.009
Abstract: Abstract This paper analyses a firm's incentives to disclose private information about market demand and its cost when there is a potential market entrant. A partially pooling disclosure equilibrium exists in which high demand-high cost… read more here.
Keywords: disclosure; demand high; high cost; demand ... See more keywords