This paper performs a welfare analysis of economies with private information when public information is endogenously … in information). The reason is that the market in general does not internalize the informational externality when public … statistics (e.g., prices) convey information. Under strategic substitutability, equilibrium prices will tend to convey too little …

We survey aspects of the intellectual development of the economics of information from the 1970s to today. We focus … here on models where information is communicated indirectly through actions. Basic results, such as the failure of the … equilibrium, when it exists, on both what information is available, and how information can be acquired, have been shown to be …

The paper surveys the recent work on economics of information with endogenous information structures where individuals … can directly communicate information with each other. We consider the theoretical work on cheap talk, Bayesian persuasion …, and information design, and review the implications of information control and information abundance for mis and …

Information we receive from and create together with our social networks is becoming increasingly important. Social … information has a great impact on our information behaviour and there are many possible angles and layers in studying social … aspects in information science. This book presents some of these angles. Social Information Research, co-edited by Gunilla …