I: Introduction -- John E. Butterworth’s Pioneering Contributions to the Accounting and Information Economics Literature -- to the Research Papers in this Volume -- II: Information Evaluation in Multiperson Contexts -- 1. Blackwell Informativeness and Sufficient Statistics with Applications to...

We consider a single-period, pure-exchange setting with a single trading date and a single consumption date. Investors are uncertain about the risk aversion of the other investors participating in the capital market, implying that the market's aggregate risk aversion is a random variable. Unlike...

In this paper, we employ a sequential production setting in order to study the tradeoff between timeliness and accuracy of a signal about productivity. An information externality arises because the upstream agent's information is disseminated to the downstream agent, and affects production...

We study a principal's choice of whether to produce an imperfect forecast about a firm's outcome either before or after an agent's effort choice. The early forecast affects the agent's effort choice, which means the forecast can also be used to infer information about the effect of the agent's...