Sometimes we believe that others receive harmful information.However, Marschak’s value of information framework … information’s harmfulnessfor oneself. The impact of decision makers’ capabilities to processinformation and of their expectations … maker as a point of reference, this paperintroduces a way for evaluating others’ information from a cross …

evaluation such regulations. I argue that, for market performance, more information is not always better; indeed, more … information may undermine market performance by facilitating behaviour that is either not cost efficient or aims at exercising … competitive market outcome does not require general access to information at a very detailed level or with a high degree of …

paper investigates how consumers form and update their inflation expectations using a unique information experiment embedded … the economy overall. We then randomly provide a subset of respondents with infl ation-relevant information: either past … information on respondents' inflation expectations. We find that respondents revise their inflation expectations in response to …

We study credible information transmission by a benevolent Central Bank. We consider two possibilities: direct … revelation through an announcement, versus indirect information transmission through monetary policy. These two ways of … transmitting information have very different consequences. Since the objectives of the Central Bank and those of individual …

reliability and the absence of exchange of information, as well as insufficient quality and availability of managerial personnel …