benefit and a delayed cost. The agent has incomplete information on the cost inherent to each unit of consumption and …

model combining the learning aspect of experience goods with reference-dependent preferences, we setup a field experiment in … Northern Uganda in which three health products differing in their scope for learning were initially offered either for free or … for sale at market prices. In line with prior studies, when the product has potential for positive learning, we do not …

personal connections. First among them is the reliable transmission of information. In this paper we begin from a model of …

This Paper studies a model where individuals have imperfect self-knowledge and learning is costly. It shows that the … endogenous decision to collect information before taking an action creates a systematic and testable bias in the aggregate … behaviour of agents in the economy. More precisely, individuals distort the information acquisition procedure so as to favour …

yields an uncertain current benefit and a delayed cost. We show that, if the flow of information revealed between periods … when the investment is postponed is sufficiently high, there is an expected positive information value of waiting. Hence … of information transmitted is small, the agent's expected information value of waiting is negative. As a result, an …

We survey the recent literature on the role of information in mechanism design. First, we discuss an emerging … literature on the role of endogenous payoff and strategic information for the design and the efficiency of the mechanism. We … specifically consider information management in the form of acquisition of new information or disclosure of existing information …

We analyse the impact of increased outside opportunities brought to consumers by access to a global market on local … market performance under monopoly versus oligopoly. If consumers have to choose once where to shop we show that under all …