proposed. Weights are derived from external variables thatconvey additional information about the true DGP, like trading volume …

information. Over time, agents are privatelyinformed by bids and offers. Investors are segmented into groups that differ … withrespect to characteristics determining information quality, including initial infor-mation precision as well as market … “connectivity,” the expected frequency of theirtrading opportunities. Investors with superior information sources attain …

We use a user-cost model to study how dispersed information among housing marketparticipants a¤ects the equilibrium … speculate onprice changes. Information dispersion leads agents to have heterogeneous expectationsabout housing demand and prices …

reflect contemporaneous information about bank riskin the United States and in Europe.2 In our study, we firstexamine the …

informationabout these assets. Even worse, much of the information that isprovided is partial, inconsistent, and confusing, leading … financial information insist upon improvements tocorporate reporting. …

bankingindustry. This goal is served by taking a broad view of thepayments business and analyzing information provided bylarge bank … now furnish material onsources of noninterest income and the amounts earned thatis much more detailed than the information … filed in regularreports to supervisors. This information is used to estimatethe size of the payments area.[...] …