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Optimal degree of public information dissemination

Cornand, Camille; Heinemann, Frank - 2006

environments, transparency may reduce expected welfare from an ex-ante point of view: public announcements serve as a focal point …. Restricting the degree of publicity is a better-suited instrument for preventing the negative welfare effects of public …

Persistent link: https://www.econbiz.de/10010366530

Privacy or publicity : who drives the wheel?

Bannier, Christina E. - 2003

Financial markets are to a very large extent influenced by the advent of information. Such disclosures, however, do not only contain information about fundamentals underlying the markets, but they also serve as a focal point for the beliefs of market participants. This dual role of information...

Persistent link: https://www.econbiz.de/10009764767

Limited higher order beliefs and the welfare effects of public information

Cornand, Camille; Heinemann, Frank - 2013

behavior of others. This may lead to welfare-reducing 'overreactions' to public signals as shown by Morris and Shin (2002 … levels of reasoning. This paper analyzes the welfare effects of public information under limited levels of reasoning and … information cannot reduce welfare, unless the policy maker has instruments that are perfect substitutes to private actions. …

Persistent link: https://www.econbiz.de/10009787097

Economic sentiment : disentangling private information from public knowledge

Heinisch, Katja; Lindner, Axel - 2021

This paper addresses a general problem with the use of surveys as source of information about the state of an economy: Answers to surveys are highly dependent on information that is publicly available, while only additional information that is not already publicly known has the potential to...

Persistent link: https://www.econbiz.de/10012703125

Voting with public information

Liu, Shuo - 2015

We study the effect of public information on collective decision-making in a committee with members of both common and conflicting interests. We show that the set of preferences that allow for the existence of an informative voting equilibrium can be heavily restricted by the presence of a...

Persistent link: https://www.econbiz.de/10010512059

Voting with public information

Liu, Shuo - 2017 - This version: June 2017

We study the effect of public information on collective decision-making in committees, where members can have both common and conflicting interests. In the presence of public information, the simple and efficient vote-your-signal strategy profile no longer constitutes an equilibrium under the...

Persistent link: https://www.econbiz.de/10011729095