expansions and recessions. We find that the information content of macroeconomic announcements is mostimportant when it contains …

We consider a multi-period rational expectations model in which risk-averse investors differ in their information on … expected utility than outsiders. Yet, information acquisition by one investor exerts a negative externality on other investors …. Thus, investors' average welfare is maximal when access to price information is rationed. We show that a market for price …

objective crime trends could have on such perceptions. The results show that information improves perceptions of safety and … police effectiveness, and lowers distrust in the police. However, the information treatment is not able to impact those with …