individual decision outcomes. It presents a simple model of a decision in which information is collected sequentially. Most … economic models of sequential collection of costly information have focused on price-search. It is argued that this is a very …

conveys full information about the quality of the good to uninformed buyers. Deceiving the uninformed buyers by charging a … effect of asymmetric information and learning on the equilibrium outcomes. More uninformed buyers increases the price …

In this paper we explore the information processing problem of the firm by modeling the firm as type of network, which … report the information to the managers. We explore the role of centralization/decentralization in organizational structure to … assume the information processing organization is arranged hierarchically, but that decisions can be made at different levels …

). We consider sellers that monopolistically compete in prices but have incomplete information about the structure of the …

month of the shock. The standard Calvo model and the standard sticky-information model can match this finding only under …

how lack of information about one's own type, but willingness to experiment to learn one's type, may lead to short …