communications and information sources. Results are interpreted as supporting the notion that there is an element of truth in some …

This paper explores environments in which either the revelation or diffusion of information, or its incorporation into … methodology and for understanding the process by which stock prices incorporate information. Two environments are highlighted …. First, information is often not revealed in one announcement but rather through a process of gradual public revelation …

consistent with a private information model where remittances are viewed by the migrant worker as payments to their families in …

underwriter selects a group of investors along with a pricing and allocation mechanism in a way that maximizes the information … information. However, when the demand for accuracy is high, the expected amount of underpricing can exceed the cost of information …

that information about the backing assets - loans - not be revealed, so that bank money does not fluctuate in value …, reducing the efficiency of trade. This need for opacity conflicts with the production of information about investment projects …, needed for allocative efficiency. Intermediaries exist to hide such information, so banks select portfolios of information …