respective systems from a informational perspective. Building on the economics of information we show that it is meaningful to … distinguish between internalisation and externalisation as two fundamentally different ways of dealing with information in … production and use of information. It will be argued that internalisation is the prevailing mode of information processing in …

Pricing costs and information problems are introduced into aframework with consumer-producers, economies of … specialization, and transaction costs to predict the endogenous and concurrent evolution in division of labor and in the information … gains from information about the efficient pattern of division of labor, which can be acquired via experiments with various …

to contribute to the team output. We vary the type of information the second mover receives prior to his effort choice …

conclude that it might be better to reduce the precision of public signals or entirely withhold information. This paper shows … that public information should always be provided with maximum precision, but under certain conditions not to all agents …

We analyze a model in which the value of a security is comprised of multiple distinct parts and private information … about these pieces is scattered among investors. We show that as information is scattered into smaller, distinctively … informative pieces, endogenous information acquisition activity can increase, even if the acquisition cost does not decrease. Our …

A principal has to take a binary decision. She relies on information privately held by a completely biased agent. The … principal cannot incentivize with transfers but can learn the agent's information at a cost. Additionally, the principal …

An entrepreneur contracts with a consultant, who is protected by limited liability, to supply information about the … probability than a bad one. The entrepreneur makes an upfront payment that the consultant can either invest in information … entrepreneurs so long as his informal referrals remain high. The principal finds it optimal to under-utilize information if she uses …

additional information. In this setting, without the persuader's information, a version of the Condorcet Jury Theorem holds …. Persuasion does not require detailed knowledge of the voters' private information and preferences: the same additional … information is effective across environments. The results require almost no commitment power by the persuader. Finally, the …

The object of research is information inequality. Information inequality is seen as a socio-economic problem that can … the global and regional levels. The transformation of the information services market depends on the quality of the … positive consequences of information inequality are considered. Along with the growing importance of modern information …