month of the shock. The standard Calvo model and the standard sticky-information model can match this finding only under …

how lack of information about one’s own type, but willingness to experiment to learn one’s type, may lead to short …

We investigate the role of information spillovers (IS) in determining firms' labour adjustments. We test the … proposition that information on relevant state variables spills over through one firm's decision to affect those of other firms … influence than mean adjustments; second, smaller firms seem to rely more on external sources of information; third, the effects …

This paper assesses the impact that a potential liberalization of sugar regimes in OECD countries could have on … then simultaneously estimate the impact that changes in domestic sugar prices have on regional wages and employment … depending on worker characteristics. Finally, we measure the impact on household income of a 10% increase in world sugar prices …

inefficiency and stresses a need for institutional adjustments. We show that cooperation by water trade and the introduction of …

We survey the recent literature on the role of information in mechanism design. First, we discuss an emerging … literature on the role of endogenous payoff and strategic information for the design and the efficiency of the mechanism. We … specifically consider information management in the form of acquisition of new information or disclosure of existing information …