The social value of public information with convex costs of information acquisition
نویسندگان
چکیده
منابع مشابه
analysis of reading comprehension needs of the students of paramedical studies: the case of the students of health information management (him)
چکیده ندارد.
15 صفحه اولSocial Value of Public Information
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I analyse the equilibrium and welfare properties of an economy characterised by uncertainty and payoff externalities, in a general model which nests several applications. Agents receive a private signal and an endogenous public signal, which is a noisy aggregate of individual actions. I analyse how endogenous public information, which causes an information externality, combines with payoff exte...
متن کاملon the relationship between different discourse markers and information-gap and reasoning-gap tasks, and the effectiveness of input enhancement type of instruction on students acquisition of discourse markers.
abstract tasks nowadays are at the center of attention in sla research. task types is one of the critical issues in this regard, their effectiveness and suitability to any particular context, their characteristics and the result they yield are among some of these issues. on the other hand, discourse markers (dms) have been very much investigated and their effectiveness in conveying the meaning...
15 صفحه اولExperiments on the Social Value of Public Information∗
We present the results of laboratory experiments studying the “CNBC Effect”– situations where the social value of public information is negative. Payoffs depend on two factors: being right (i.e. matching an underlying, but unknown state variable) and coordinating with others, which has no social value. In our baseline treatment, individuals privately receive an informative signal. When we add a...
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ژورنال
عنوان ژورنال: Economics Letters
سال: 2014
ISSN: 0165-1765
DOI: 10.1016/j.econlet.2014.09.015