beliefs of the employers are self-fulfilling. Theoretically and in an experiment, we investigate under what circumstances … evidence for statistical discrimination in the standard no-competition setup of Coate and Loury (1993). When we introduce … competition between workers of different groups, the non-discrimination equilibrium ceases to be stable. In line with this …

integrates information and concepts from social and natural sciences to address the analysis and evaluation of land-use scenarios …

-called productivity decompositions---add useful information to improve the performance of macro-level productivity forecasts. The paper … forecasts using micro-level information were always better than the macro alternative. …

We study the impact of private information on volatility in financial markets. We develop a comprehensive framework to … investigate this link while controlling for the effects of both public information (such as macroeconomic news releases) and … private information on prices and the effects of public information on volatility. Using a high-frequency 30-year U …

relevant information; on the role played by probing into candidates' past; and on the possibility of crowding out desirable …

the last decade large efforts have been made to increase the availability of information to travelers by means of advanced … traveler information systems (ATIS). This paper reviews economic aspects of information in transport markets. First, I will … discuss information acquisition from an economics perspective by characterizing costs and benefits of information, leading to …

supplied information. Outside of the lab, it is difficult to disentangle the effect of the cost of information itself from the … effect of self-selection by individuals who tend to gain the most from this information. We thus create an environment in the … lab where subjects are offered additional, useful and identical information on the state of the world across treatments …

conditions under which voters can induce political parties to collect information and to select policies which are optimal from … parties to collect information. Voting rules that focus on the opposition party sometimes dominate voting rules that focus on …, it is easier to stimulate policy motivated parties than office motivated parties to collect information. However, in …

Collective decision procedures should balance the incentives they provide toacquire information and their capacity to … aggregate private information. In a decisionproblem in which a project can be accepted or rejected once information about its … the other agent's vote.This in turn determines the decision to acquire information. In the debate about a rationalchoice …