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Agents undertaking economic decisions are exposed to an ever-increasing amount of information sources. This paper … investigates how the number of available information sources impacts agents' ability to (i) select reliable sources and (ii) use … guide policy-making decisions, providing evidence on externalities of information production. …
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. This paper models such attention manipulation. In its presence, competitive information supply can reduce the decision …-maker's knowledge by causing information overload. Further, a single information provider may deliberately induce information overload … to conceal information. These findings, pertinent to consumer protection, suggest a role for rules that restrict …
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consumer, the product's complexity affects how costly it is for this Bayesian consumer to extract information about the product … quality and the complexity of the product. While the product's quality determines the direct benefits of the product to the … propose policies for approval by voters. We find that complexity is not necessarily a feature of low quality products. While …
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