Caplin, Andrew; Deming, David J.; Leth-Petersen, Søren; … - National Bureau of Economic Research - 2023
where agents strategically acquire information about factor productivity under time and effort constraints. Conditional on … such constraints, agents' allocative skill can be defined as the marginal product of their attention. We test our model in … a field survey where participants act as managers assigning fictional workers with heterogeneous productivity schedules …