Showing 61 - 70 of 660,847
This paper performs a welfare analysis of economies with private information when public information is endogenously generated and agents can condition on noisy public statistics in the rational expectations tradition. We find that equilibrium is not (restricted) efficient even when feasible...
Persistent link: https://www.econbiz.de/10009259934
We introduce two pieces of information, denoted memes, into a diffusion process in which memes are transmitted when individuals meet and forgotten at an exogenous rate. At most one meme can be transmitted at a meeting, which introduces opportunity costs in the process. Individuals differ...
Persistent link: https://www.econbiz.de/10011279690
We study markets for sensitive personal information. An agent wants to communicate with another party but any revealed information can be intercepted and sold to a third party whose reaction harms the agent. The market for information induces an adverse sorting effect, allocating the information...
Persistent link: https://www.econbiz.de/10011380192
Persistent link: https://www.econbiz.de/10009663236
Persistent link: https://www.econbiz.de/10010380904
Persistent link: https://www.econbiz.de/10010259486
Persistent link: https://www.econbiz.de/10010346069
Persistent link: https://www.econbiz.de/10011436667
Persistent link: https://www.econbiz.de/10011532781
Persistent link: https://www.econbiz.de/10011548566