Employment matches under uncertainty are typically accompanied by opportunities for information acquisition. Workers … can acquire specific information about productivity lotteries at the firm or general information affecting their … probabilistic beliefs about work elsewhere. Enterprises can acquire specific information concerning the productivity of a particular …

role of persistence, information, size and insurability of changes in economic resources. We next examine the empirical … and identify the income process or the information set of the individuals. Second, one can assume that the income process … or the amount of information that consumers have are known and tests the implications of the theory. In general there is …

obtained in a complete information setting, where coordination is easy, to those obtained in a setting with strategic risk … deterrent effect under complete information, this does not hold anymore under strategic risk. Rather, we find that increases in …

This paper assesses different organizational forms in terms of their ability to generate information about investment … likely to be attractive when information about individual projects is soft' and cannot be credibly transmitted. Moreover …, holding fixed firm size, soft information also favors flatter organizations with fewer layers of management. In contrast …

wedges in standard models without dispersed information …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 …

resistant to retractions (the revoking of earlier information). Our experimental design allows us to identify updating from … retractions - unlearning - and to compare it with updating from equivalent new information - learning. Across different kinds of … from equivalent new information. While we document a number of well-known biases in belief updating in our data, our …

A model of interest rate movements in response to new information on the money stock is developed.The model, which …

This paper shows how recent developments in the Economics of Information can provide insights into economic relations …

Since Wakefield et al. (1998), the public was exposed to mixed information surrounding the claim that measles … claim. Consistent with confirmatory bias, exposures to negative information about the vaccine strengthened their biases more … than exposures to positive information attenuated them. Positive online information, however, had strong impacts on …