the price, traders neglect the information conveyed by the hypothetical value of the price. In sequential markets where …

(efficient) allocations are not incentive compatible is a fundamental fact in information economics, mechanism design and general … equilibrium with asymmetric information. This important result was obtained assuming that the individuals are expected utility … maximizers. Although this assumption is central to Harsanyi's approach to games with incomplete information, it is not the only …

spreads are inversely related to a trade’s likely information content. Second,the paper suggests three potential sources for … the pattern of customer spreads, two of which rely onthe information structure of the market.[...] …

levels to spending on early and primary education. Effects of information provision persist over a two-week period in a …

. 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 …