tuition coverage to students admitted to one of 33 government-certified high-quality universities known for superior test …

We use new administrative data that links detailed information on Canadian student loan recipients with their repayment …

We study how beliefs about firm value respond to public information stemming from either public announcements or …), where information is about which course of action is best for the firm. The analysis illustrates that extant work dismissing …, when homogeneous shareholders anticipate that firm decisions will be guided by information, the presence of differences in …

characterize the equilibrium level of capture of each source by competing SIGs as well as the equilibrium level of information … learning. We show that efforts to capture an information source are strategic substitutes: citizens' skepticism of messages … substitution exacerbates horizontal differentiation so the information landscape becomes more polarized. We finally show that …

We analyze a model of political competition in which the elite forms endogenously to aggregate information and advise … information about her competence. The elite size and the degree of information aggregation by the elite depend on the extent to … which the median voter follows the elite's advice. A higher cost of redistribution minimizes the elite's information …