which is used for updating beliefs. Thus, a better information system affects the distribution of human capital in each …) If the relative measure of risk aversion is less (more) than 1 then more information raises (reduces) income inequality …. (b) When a risk sharing market is available better information results in higher inequality regardsless of the measure …

In the face of capacity disruptions (due, for example, to traffic incidents or poor weather), information provision and …-dependent congestion pricing and habitual stateindependent pricing, and three information provision regimes: no information, perfect … information and imperfect information. We find that, without information provision, the habitual toll equals the expected MEC …