Duffie, Darrell; Malamud, Semyon; Manso, Gustavo - In: Econometrica 77 (2009) 5, pp. 1513-1574
We solve for the equilibrium dynamics of information sharing in a large population. Each agent is endowed with signals regarding the likely outcome of a random variable of common concern. Individuals choose the effort with which they search for others from whom they can gather additional...