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Welfare and learning in Europe : how to revitalize the Lisbon process and break the stalemate

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Optimal dynamic public communication

Miccoli, Marcello - 2012

Persistent link: https://www.econbiz.de/10009687374

Optimal Dynamic Public Communication

Miccoli, Marcello - 2012

This paper builds a dynamic model of the information flow between partially informed financial institutions and a public agency. The financial institutions decide how to allocate their portfolio between a risk-free technology with a known payoff and a risky technology whose payoff is unknown....

Persistent link: https://www.econbiz.de/10013108339