the last decade large efforts have been made to increase the availability of information to travelers by means of advanced … traveler information systems (ATIS). This paper reviews economic aspects of information in transport markets. First, I will … discuss information acquisition from an economics perspective by characterizing costs and benefits of information, leading to …

Informational separability occurs when information decreases as the result of suppressing information that … partial information, and rational inattention …

the last decade large efforts have been made to increase the availability of information to travelers by means of advanced … traveler information systems (ATIS). This paper reviews economic aspects of information in transport markets. First, I will … discuss information acquisition from an economics perspective by characterizing costs and benefits of information, leading to …

Information is a valuable good that requires scarce inputs, such as human talent, to produce. Competition among … dynamic implications of this channel for information choice, risk-taking, and welfare. We study a dynamic portfolio choice … problem with heterogeneous agents and endogenous information choice. Our central assumption is that investors compete for …

We characterize a precise comparative static on welfare and the amount of public information in an economy under … uncertainty. Results dating to Hirshleifer (1971) have suggested that information can have negative value in such a setting, but … concept of implementable allocations, the negative relationship between more public information in the sense of Blackwell and …