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 …

The distance between small firms and their lenders in the United States is increasing. Not only are firms choosing more … increased lending at a distance. Consistent with such an explanation, distant firms no longer have to be observably the highest …

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 …

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 …

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 …

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 …

then provide 22 different forms of information regarding past, current and/or future inflation and interest rates …. Information treatments about current and next year's interest rates have a strong effect on household expectations but treatments … constrained capacity to collect and process information …

The information revolution currently underway has changed the economy in ways that are hard to measure using … conventional GDP procedures. The information available to consumers has increased dramatically as a result of the Internet and its … now has an unprecedented amount of information on which to base consumption choices, and the "free" nature of the …