national universities and colleges. This paper utilizes this exogenous information shock to identify the impact of college … quality information on the financial resources of public colleges. Using college level data from 1987 to 1995, we have three …

An information transaction entails the purchase of information. Formally, it consists of an information structure … together with a price. We develop an index of the appeal of information transactions, which is derived as a dual to the agent …'s preferences for information. The index of information transactions has a simple analytic characterization in terms of the relative …

No voters cast their votes based on perfect information, but richer voters are on average best informed. We develop a … there is a strong correlation between income and political information, Congress representatives vote more conservatively …