We survey aspects of the intellectual development of the economics of information from the 1970s to today. We focus … here on models where information is communicated indirectly through actions. Basic results, such as the failure of the … equilibrium, when it exists, on both what information is available, and how information can be acquired, have been shown to be …

The paper surveys the recent work on economics of information with endogenous information structures where individuals … can directly communicate information with each other. We consider the theoretical work on cheap talk, Bayesian persuasion …, and information design, and review the implications of information control and information abundance for mis and …

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 …

; asymmetric information and the income of founders; production and consumption externalities from labor effort; market power and …

information collection affects equity analyst performance. Collection of hard information, proxied by office workday length, is … positively associated with the quantity and timeliness of analyst reports. Soft information collection, as proxied by propensity … star analyst. Both hard and soft information collection improve forecast precision, a causal result that we confirm using …

in pre-rational expectations macroeconomic theory. Here we show that electoral cycles in taxes, government spending and … money growth can be modeled as an equilibrium signaling process. The cycleis driven by temporary information asymmetries … which can arise if, for example,the government has more current information on its performance in providing for national …

between agricultural productivity, research and information. The first chapter of this part is concerned with the "theory" of … the value of information. Among other things, the Bayesian learning model is used as a vehicle for describing optimal …

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 …

We consider the strategic timing of information releases in a dynamic disclosure model. Because investors don't know … trigger the immediate release of information by firms. Conversely, good market news slows the release of information by firms … preemptively disclose their own information prior to the arrival of external information. These results have implications for …