. 2) It yields a positive information rent effect exactly when demand is convex. 3) Firms benefit from regulatory risk … prefer regulatory risk and these preferences may contradict both the firm's and consumers'. -- optimal incentive regulation … ; regulatory risk ; benevolent regulators ; information rents …

We examine whether the desire for more information is people's dominant motive for reading economic and political news … experimentally vary people's beliefs about the informativeness of news. Inconsistent with the desire for more information being the … information reduce their demand for news from this newspaper. Furthermore, treated respondents who think that a news outlet is …

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 …

We study the role of information exchange, leadership and coordination in team or partnership structures. For this … information on the joint production process. Once individual information is shared, team members decide individually on the effort … such that team members communicate their private information and exert efficient productive efforts on the basis of this …

information worthwhile, is an intricate question. The concept of the value of information (VoI) is a convenient tool to address … VoI. These insights may help decide on information acquisition in the presence of substantial uncertainties and sparse …

the two-player case with complete and incomplete information, and in so doing identify what we call the "Herodotus Paradox". …

This paper performs a welfare analysis of economies with private information when public information is endogenously … in information). The reason is that the market in general does not internalize the informational externality when public … statistics (e.g., prices) convey information. Under strategic substitutability, equilibrium prices will tend to convey too little …