decisions to changes in the environment. We show that even if lower-level managers have superior information about local … conditions, and incentive conflicts are negligible, a centralized organization can be better at adapting to local information …

The amount of political information that voters decide to acquire during an electoral campaign depends, among other … candidates attach little value to information because they perceive that voting itself will have little value. Voters that are ex … ante very ideological also attach little value to information because they think that the news will hardly change their …

A number of recent formal models predict a positive effect of political knowledge on turnout. Both information … proxies of information supply on mass media. Using survey data from the 1997 British General Election Study, I show that …

cost of inputs. Without trapped factors, trade liberalization leads to a small permanent increase in the worldwide rate of … appropriate estimate of the gains from trade. …