information is endogenous, and jointly determined with policy opinions. We therefore estimate a causal effect of information, with … effect of better information on the willingness to accept reforms that reduce the generosity of the pension system. Finally … we do not find that exposure to media coverage of pension issues significantly improves information, possibly because …

households attempting to learn the latent state of the economy. We use a standard equilibrium business cycle model with … moderation to the economy. We construct example economies in which this learning effect accounts for about 30 percent of a …

-term contracts sacrificing managerial selection may be optimal at early stages of economic development and when access to information … is limited. As the economy grows, however, knowledge accumulation increases the return to talent and makes it optimal to …

-based incentives elicit not only productive effort, but also costly information manipulation. We analyze the tradeoffs involved in …

Prediction Markets, sometimes referred to as 'information markets', 'idea futures' or 'event futures', are markets … theoretical contributions that emphasize the possibility that these markets efficiently aggregate disperse information, and the …

paper attempts to quantify the problem. Using news reflected in the stock market as a benchmark for public information, we … report evidence of significant incremental information revelation in the credit default swap (CDS) market, consistent with …. Furthermore, consistent with hedging activity by informed banks with loan exposure, information revelation in the CDS market is …