I consider a flexible framework of strategic interactions under incomplete information in which, prior to committing … large number of information sources about the primitive events that are responsible for the incompleteness of information …

We study information acquisition in a flexible framework with strategic complementarity or substitutability in actions … acquisition of information. First, we relate the (in)efficiency in the acquisition of information to the (in)efficiency in the use … of information and explain why efficiency in the use does not guarantee efficiency in the acquisition. Next, we show how …

-relevant information such as the agent.s type and the decisions he is inducing with the other principals). We then illustrate how these …

information. Finally we show how the aforementioned results must be adjusted to accommodate alternative assumptions about the …

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. …