Priority structures are uncertain in real-life college admissions markets. This study investigates how information … structures on priority affect resulting allocations. To do this, we focus on a class of real-life information structures that are … outcomes. The applications include both multiple-sender persuasion and information design. The results indicate that …

This paper is concerned with the business cycle dynamics in search-and-matching models of the labor market when agents …

flows and reduces their required risk premia. The logic is that more information leads necessarily to more certainty, and … logic shows that the best available information can often leave decision makers less certain about future events. And for … those cases where information indeed brings great certainty, conventional mean-variance asset pricing models imply that more …