discuss what changes in reimbursement, delivery of services, competition of physicians, and availability of information for …

information about their costs. We show that cheap talk between the firms cannot transmit any information. However, if the firms …

Rational voters update their subjective beliefs about candidates' attributes with the arrival of information, and … subsequently base their votes on these beliefs. Information accrual is, however, endogenous to voters' types and difficult to … updating by comparing the elicited priors and posteriors of voters, finding heterogeneous responses to information. Based on …

taxe rate may increase the market failure due to motivation crowding. Provision of information is efficient only in very … specific cases but may be effective in reducing the extent of market failure. A complementary tax-and-information policy … approach is superior to a tax as single instrument if its aim is to reduce consumption and if provision of information raises …

sustainable phenomenon. The basic feature of the transition towards the New Economy is the rising importance of information … a sector-specific phenomenon. Information increasingly constitutes a crucial input factor both in modern and traditional … industries, and the information content of a final output is continuously rising throughout the economy. Present technological …

The literature applying information-theoretic ideas to economics has so far considered only Gaussian uncertainty. Ex …

Asset price processes are completely described by information processes and investors´ preferences. In this paper we … stylized facts that look at first hand like financial market anomalies may be explained by an information process with …

This paper delineates the simultaneous impact of non-anticipated information on first and second moments of the … about the precise price impact of this information. Analyzing the US employment report, we find that headline information is …

information arrives between the current period and the next period. To use the information that arrives between two periods, he … information arrives between the current period and the next period. He demonstrates by theoretical arguments and empirical …