agents who are uncertain about choice payoffs and who have access to a flexible, costly information acquisition technology … the decision maker’s prior information to differ across choices. In this paper, I solve the RI-logit model analytically … exogenous change in prior information, thus extending the model’s applicability to a new range of settings where prior …

A rational-expectations equilibrium with positive demand for financial information does exist under fully revealing … average portfolio demand information in equilibrium if they can adjust portfolio size. More information diminishes the … endowments strongly differ from the average portfolio are worse off. Under fully revealing price, information market equilibria …

We investigate whether the simple plurality rule aggregates information efficiently in a large election with three …. With two alternatives and strategic voters, the simple plurality rule aggregates information efficiently in elections with …

Economists usually think that rational voters have little incentives to acquire costly information. We present a … information if media technology is available because then they do not condition their informational decisions on being pivotal …-ride. Further, we show how the quality of information depends on the size of the electorate, the prior knowledge of voters and on …

appropriate information provision enhances efficiency. We discuss extensions of the model and argue that subsidies may be a … property of a signalling equilibrium to overcome credibility problems in information provision. In addition we point out … possible problems with overreaction to public information. Furthermore, we suggest a new focus for development policy. …

-native inequalities in early child care that vary by respondents' age and right-wing voting preferences. Randomly providing information …

Governments monitor air quality for regulatory purposes and, more recently, to provide information so individuals can …-quality information suggest that private provision may worsen not ameliorate inequalities in the impacts of poor air quality. …