We introduce information frictions into a tractable quantitative multi-country multi-sector model with global value …' information sets with new quarterly data containing the frequencies of country-industry-specific economic news reports by 11 … information frictions are amplified by the global production network. These information frictions appear as correlated labor …

simple model of information and collective action, we cover a range of different outcomes related to social capital, from … technologies hinges on their content ("information" vs "entertainment"), their effectiveness in fostering coordination, and the …

We study learning via shared news. Each period agents receive the same quantity and quality of first-hand information … hold misperceptions (even minor) about friends' sharing and (ii) information quality is sufficiently low. Polarization can … worsen when agents' social connections expand. When the quantity of first-hand information becomes large, agents can hold …

information people choose to consume and how they incorporate this information into their beliefs. In the first experiment, people …); they also discount information from the article when it is less preferred. We further find that these motivated beliefs end … up impacting incentivized behavior. In a second experiment, we study how partisan views interact with information …