paper analyzes the role of third party information for VAT enforcement through two randomized experiments among over 400 …

variable size in order to gain information about the ability of the LDC firm to successfully carry out a large project. We …

with frictions, such as transaction costs, asymmetric information, search and matching frictions. We discuss how such …

Optimal wage indexation, as derived by Gray, was subject to criticism due to a lack of efficient use of information … the insight of Cray's analysis. In so doing the analysis reveals the role of costs of information collection in a world … characterized by incomplete information.The analysis focuses also on the interaction between wage indexation and costly information …

Much recent research in the economics of information has analyzed the implications of alternative market structures in … approach avoids the more basic question of the influence of qualitative information on the emergence of market structures. This … paper argues that market structures arise which minimize total average production and information costs and that qualitative …

We propose a new measure of the cost of information structures in rational inattention problems, the "neighborhood … the results of a sequential information sampling problem, and also capture a notion of perceptual distance. This second … property allows neighborhood-based cost functions, unlike mutual information, to make accurate predictions about behavior in …

We propose a new approach to modeling the cost of information structures in rational inattention problems, the …-based cost functions, unlike mutual information, make accurate predictions about behavior in perceptual experiments. We compare … the implications of our neighborhood-based cost functions with those of a mutual-information cost function in a series of …