This paper reviews and synthesizes the theory of information economics and empiricalevidence on how information changes … the behavior of consumers, households and firms. I show thatconsumers respond to new information in food experiments but …

buyersshould be asked to bid. In addition, these mechanisms must induce the bidders toacquire information about their valuations … and to reveal this information truthfully.Using a generalized Groves principle, we prove a very general “full extraction … information and could have observed directly theirvaluations once they are informed. We also present appealing implementations …

industry and environmental groups have disseminatingconflicting private information about GM foods. This paper develops a … unique methodology forvaluing independent third-party information in such a setting and applies this method toconsumers … randomized information and labeling treatments.The average value of third-party information per lab participant is small, but the …

expansions and recessions. We find that the information content of macroeconomic announcements is mostimportant when it contains …

The uniqueness of bounded local equilibria under interest rate rules is analyzed in a model with sticky information à … determinacy in the associated full-information, flex-price equivalent. The analysis follows from boundedness considerations on the …

The utility maximisation problem is considered for investors with anticipative additional information. We distinguish …

-verifiable information. We compare long-term contracts with short-term contracts with respect to their suitability to motivate effort in both … determinants of this trade-off and demonstrate itsimplications for performance measurement and information system design. …