In recent years there has been a growing interest in macro models with heterogeneity in information and complementarity … there is room for policies that correct the way agents use information in equilibrium, and what are the welfare effects of … the information disseminated by the media or policy makers. We argue that a key to answering all these questions is the …

complementarity or substitutability, and heterogenous information. First, we characterize the equilibrium use of information …; complementarity heightens the sensitivity of equilibrium actions to public information, raising aggregate volatility, whereas … substitutability heightens the sensitivity to private information, cross-sectional dispersion. Next, we define and characterize an …

. Experimental provision of return and cost information significantly increases educational aspirations. However, it does not close … the aspiration gap as university graduates respond even more strongly to the information treatment. Persistent effects in … a follow-up survey indicate that participants indeed process and remember the information. Differences in economic …

To study how information about educational inequality affects public concerns and policy preferences, we devise survey … experiments in representative samples of the German population. Providing information about the extent of educational inequality … strong positive information treatment effect, which is increased further by informing about policy effectiveness. …

about the university earnings premium. To test whether public support for tuition depends on earnings information, we devise … opposing tuition. Providing information on the university earnings premium raises support for tuition by 7 percentage points …, turning the plurality in favor. The opposition-reducing effect persists two weeks after treatment. Information on fiscal costs …

Public preferences for charging tuition are important for determining higher education finance. To test whether public … support for tuition depends on information and design, we devise several survey experiments in representative samples of the … German electorate (N>19,500). The electorate is divided, with a slight plurality opposing tuition. Providing information on …

, implying endogeneity of policy preferences. The information treatment also affects non-partisan swing voters. …

Global games of regime change that is, coordination games of incomplete information in which a status quo is abandoned … to accumulate information over time and take actions in many periods. It is shown that dynamics may lead to multiple … equilibria under the same information assumptions that guarantee uniqueness in the static benchmark. Multiplicity originates in …