We develop and test a simple model of limited attention in intertemporal choice. The model posits that individuals …

We examine the allocation of scarce attention in team production. Each team member is in charge of a specialized task … attention to each other, but attention is in limited supply. We show that when attention is scarce, organizational focus and … attention is evenly allocated to a select number of "leaders." The organization then excels in a small number of focal tasks at …

We consider the strategic timing of information releases in a dynamic disclosure model. Because investors don’t know …

protects firms when in a weak competitive position, while equityholders prefer more disclosure to maximize profitability when …

disclosure or introducing a derivatives market may backfire, aggravating fragility (in particular when the asset side of a … financial intermediary is opaque). It is found that the regulator should set together disclosure and prudential policy. The …