agents who are uncertain about choice payoffs and who have access to a flexible, costly information acquisition technology … the decision maker’s prior information to differ across choices. In this paper, I solve the RI-logit model analytically … exogenous change in prior information, thus extending the model’s applicability to a new range of settings where prior …

Economists usually think that rational voters have little incentives to acquire costly information. We present a … information if media technology is available because then they do not condition their informational decisions on being pivotal …-ride. Further, we show how the quality of information depends on the size of the electorate, the prior knowledge of voters and on …

-driven theory of dynamic pricing in which the Phillips curve slope is endogenous to systematic aspects of monetary policy. In our …

Empirical evidence shows that the perception of information is strongly concentrated in those environments in which a … information is assessed in terms of its contribution to productivity …

We incorporate prospect-theory preferences in a game-theoretic model to study voter turnout. We show that voter turnout …

organizations. We test this theory empirically by examining how the United States uses bilateral aid and IMF loans to buy other …