. This learning generates a boom and a crash, which we call `informational overshooting'. The paper applies this idea to real …

information and correlated between them. The principals benchmark their agents against each other by making the same offers in the …

Does information about rampant political corruption increase electoral participation and the support for challenger … parties? Democratic theory assumes that offering more information to voters will enhance electoral accountability. However, if … increased support for challengers and higher political participation. We provide experimental evidence that information about …

information on the value of the IV. This leads to violation of the exclusion restriction. We analyze this in a dynamic economic …

We survey the recent literature on the role of information in mechanism design. First, we discuss an emerging … literature on the role of endogenous payoff and strategic information for the design and the efficiency of the mechanism. We … specifically consider information management in the form of acquisition of new information or disclosure of existing information …

benefit and a delayed cost. The agent has incomplete information on the cost inherent to each unit of consumption and … policy implications. Last, applications of this theory to other issues such as self-knowledge, willpower and habit formation …

. We consider a dynamic game in which firms improve both a new and a rival old technology while learning about the relative …

We study the problem of a central bank whose policy actions simultaneously affect the information flow about its … information flow. Yet optimal policy is very conservative because inflation surprises yield information that increases the … the Phillips curve the less does optimal policy aim towards learning. …