Purpose – The purpose of this paper is to examine the implications of overconfidence for information acquisition and … and rational traders endogenously acquiring costly differential information. Findings – The paper shows that overconfident … traders acquire more information than do rational traders, and improve market informational efficiency by making price more …

technology, we provide an information-theoretical foundation of the gravity equation that links bilateral trade flows with the … large effects on trade flows as importers endogenously process different amounts of information across countries. We also … show that, unlike traditional trade costs, information costs have non-monotonic implications for bilateral trade flows …

pattern of results is consistent with the hypothesis that migration mainly reduces fixed trade costs derived from information … migration as a tool for increasing trade. We attempt to put this position to empirical scrutiny. Our results demonstrate that … migrants spur exports, especially along the extensive product margin of trade and for differentiated products, but with no …

The authors consider whether any special circumstances justify departure from free trade in telecommunications …

pattern of results is consistent with the hypothesis that migration mainly reduces fixed trade costs derived from information … migration as a tool for increasing trade. We attempt to put this position to empirical scrutiny. Our results demonstrate that … migrants spur exports, especially along the extensive product margin of trade and for differentiated products, but with no …

reputation and ethnic conflict is built. Depending on the information structure and the reputation cost of defecting, economic … interaction can either result in (peaceful) trade or in appropriative conflict. Ethnic divisions affect the reputation cost of …