the information provided about reviewers (e.g., consumers may have no information about a reviewer or may see a full … reviewer profile containing multiple pieces of demographic information). We demonstrate that when given no information about a …

-provision of information; while if the issuer-pays can force disclosure, it is efficient, but otherwise it leads to less revealing … information because of the systematic distortion in revealed information along with over-investment in information. We show that …

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 …