Using the introduction of high-speed rail (HSR) as an exogenous shock to costs of information acquisition, we show that … reductions in information-acquisition costs lead to (i) a significant increase in information production, evidenced by a higher … information lead to these effects becoming more pronounced. Importantly, more information production is also associated with …

Using the introduction of high-speed rail as exogenous shocks to costs of information acquisition, we show that … reductions in information-acquisition costs lead to a significant increase in information production and improvement in output … that information production represents the channel through which acquisition costs affect output quality. We corroborate …

information. Over time, agents are privately informed by bids and o ffers. Investors diff er with respect to information quality …, including initial information precision, and also in terms of market\connectivity," the expected frequency of their bilateral … trading opportunities. We characterize endogenous information acquisition and show how learning externalities aff ect …

implementation of land-based property taxes. We compare hedonic, residual, and matching techniques for mass appraisal of residential … hedonic model is estimated and used to predict land leverage for all improved properties. We conclude that the matching …

Mutual funds are mandated by the Securities and Exchange Commission (SEC) to disclose information on their investment … that regular content-based updates of the disclosed risks provide relevant information in predicting future fund … performance. Investors, however, do not react to this new information but rather to the content's informativeness. Finally, using …