We examine whether the desire for more information is people's dominant motive for reading economic and political news … experimentally vary people's beliefs about the informativeness of news. Inconsistent with the desire for more information being the … information reduce their demand for news from this newspaper. Furthermore, treated respondents who think that a news outlet is …

insured individuals. Thus, the functioning of social norms depends crucially on information, in particular on what norm … enforcers are able to observe about an insured individual's behavior. Information is also decisive when distinguishing between …

bank loans from 43 countries. We test whether the degree information asymmetries affects the link between the presence of … collateral and risk premium. We include five proxies for the degree of information asymmetries, measuring opacity of financial … information, trust, and development. We find that a greater degree of information asymmetries reduces the positive relationship …

bank loans from 43 countries. We test whether the degree information asymmetries affects the link between the presence of … collateral and risk premium. We include five proxies for the degree of information asymmetries, measuring opacity of financial … information, trust, and development. We find that a greater degree of information asymmetries reduces the positive relationship …

The number of firm bankruptcies is surprisingly low in economies with poor institutions. We study a model of bank … institutions must improve significantly in order to yield a stable equilibrium in which the optimal number of firms is liquidated …. However, in a particular range, improving institutions may even decrease the number of bad firms liquidated. …