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(employer). Productivity is private information to the senders, and the receiver processes imperfect signals (applications) to … screen among applicants. The information-processing technology is imperfect: the accuracy of each signal in predicting the …, information overload occurs as there exist equilibria in which too many people apply and the receiver neglects some applications …
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the last decade large efforts have been made to increase the availability of information to travelers by means of advanced … traveler information systems (ATIS). This paper reviews economic aspects of information in transport markets. First, I will … discuss information acquisition from an economics perspective by characterizing costs and benefits of information, leading to …
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, contrary to theory, public signals are equally persuasive as private ones under strategic substitutes. Senders respond to this …
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