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 …

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 …

Information sharing has become increasingly important in helping consumers make better, more informed choices over … efficiency gains by introducing incentives that reward information sharing, even where those incentives drive a wedge between … those sending and those receiving information. In particular, our results point to a misaligned incentive commonly found in …