 Theoretically, pay transparency represents an information shock that alters the bargaining power of male and female employees vis-\`a-vis the firm in an asymmetric way.
<clarity>  Theoretically, pay transparency represents an information shock that alters the bargaining power of male and female employees vis-\`a-vis the firm in an asymmetric way.
 Theoretically, pay transparency is meant to act as an information shock that alters the bargaining power of male and female employees vis-\`a-vis the firm in an asymmetric way.