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Efficient use of information and social value of information
Angeletos, George-Marios; Pavan, Alessandro - 2006
efficiency benchmark designed to address whether the equilibrium use of information is optimal from a social perspective; the …
Persistent link: https://www.econbiz.de/10010282995
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Attention, coordination and bounded recall
Pavan, Alessandro - 2014
I consider a flexible framework of strategic interactions under incomplete information in which, prior to committing their actions (consumption, production, or investment decisions), agents choose the attention to allocate to an arbitrarily large number of information sources about the primitive...
Persistent link: https://www.econbiz.de/10010476378
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Socially Optimal Coordination: Characterization and Policy Implications
Angeletos, George-Marios; Pavan, Alessandro - Center for Mathematical Studies in Economics and … - 2006
relation between the equilibrium and the socially optimal degrees of coordination. The former summarizes the private value from …
Persistent link: https://www.econbiz.de/10008597115
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Socially optimal coordination: Characterization and policy implications
Angeletos, George-Marios; Pavan, Alessandro - 2006
relation between the equilibrium and the socially optimal degrees of coordination. The former summarizes the private value from …
Persistent link: https://www.econbiz.de/10010282908
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Attention, coordination and bounded recall
Pavan, Alessandro - 2014
I consider a flexible framework of strategic interactions under incomplete information in which, prior to committing their actions (consumption, production, or investment decisions), agents choose the attention to allocate to an arbitrarily large number of information sources about the primitive...
Persistent link: https://www.econbiz.de/10011335452
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Information acquisition and welfare
Colombo, Luca; Femminis, Gianluca; Pavan, Alessandro - 2012
acquisition of information. First, we relate the (in)efficiency in the acquisition of information to the (in)efficiency in the use … of information and explain why efficiency in the use does not guarantee efficiency in the acquisition. Next, we show how …
Persistent link: https://www.econbiz.de/10010352847
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Policy with Dispersed Information
Angeletos, George-Marios; Pavan, Alessandro - Collegio Carlo Alberto, Università degli Studi di Torino - 2008
the Mirrlees literature), the contingency on fundamentals alone suffices for efficiency. When instead agents have private … of social learning; (iii) restore a certain form of constrained efficiency in the decentralized use of information; (iv …
Persistent link: https://www.econbiz.de/10005013914
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Information Acquisition and Welfare
Colombo, Luca; Femminis, Gianluca; Pavan, Alessandro - Center for Mathematical Studies in Economics and … - 2012
acquisition of information. First, we relate the (in)efficiency in the acquisition of information to the (in)efficiency in the use … of information and explain why efficiency in the use does not guarantee efficiency in the acquisition. Next, we show how …
Persistent link: https://www.econbiz.de/10010583646
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Attention, Coordination, and Bounded Recall
Pavan, Alessandro - Center for Mathematical Studies in Economics and … - 2014
I consider a exible framework of strategic interactions under incomplete information in which, prior to committing their actions (consumption, production, or investment decisions), agents choose the attention to allocate to an arbitrarily large number of information sources about the primitive...
Persistent link: https://www.econbiz.de/10011165550
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Differential taxation and occupational choice
Gomes, Renato; Lozachmeur, Jean-Marie; Pavan, Alessandro - 2014
efficiency) fails: social welfare (be it Rawlsian or Weighed Utilitarian) can be increased by assigning some agents to their … least productive sector. By sacrificing production efficiency, the planner incurs second-order losses in total output, but …
Persistent link: https://www.econbiz.de/10011335454