, l’information a des effets asymétriques, selon qu’elle est rassurante ou inquiétante. Secundo, les alertes ponctuelles … investigation relies on individual data. Two results of risk economy are confirmed. Firstly, information has asymmetric effects …

The paper constructs a theoretical framework in which the value of information in general equilibrium can be linked to … the efficiency of the risk sharing mechanism. We demonstrate that in economies with production, information may have … negative value even though no risk sharing markets exist. As a rule of thumb the value of information tends to be lower the …

provided. We show that the information provided by additional decision variables is rather weak and often non significant. …

What is the relationship between an agent's attitude towards information, and her attitude towards risk? if an agent … always prefers more information does this imply that she obyes the independence axiom? We provide a substitution property on … preferences that is equivalent to the agent (intrinsically) liking information in the absence of contingent choice. …

based on Chari and Jagannathan (1988), this paper models information-induced and "pure-panic"runs in an environment of …

these societies have access to different amounts of information. This lack of information makes it hard to give the right … poor economies , thus insufficient information to set the appropriate standards for firm performance. Our model predicts a … number of institutional and structural transformations as the economy accumulates capital and information. …