s/he gets the opportunity to acquire information in order to reduce her/his uncertainty. We find that the agent always … invests unless the cost exceeds the direct benefit, and does acquire information with a certain degree of precision. Moreover …, we show that acquiring information can encourage the agent to make a larger investment. Likewise, we identify all factors …

this is not necessarily accompanied with firm value creation. We conclude that dynamic information acquisition is an …

in final good markets intensifies, the least productive ones among them switch sequentially to arm's length trade. In the …

significant expected payoffs when they shun uncertain alternatives in favor of known ones. Worse, when information is revealed …

located beyond information acquisition, however fast and however vast. Intelligence agencies have no price signals to help …

the last decade large efforts have been made to increase the availability of information to travelers by means of advanced … traveler information systems (ATIS). This paper reviews economic aspects of information in transport markets. First, I will … discuss information acquisition from an economics perspective by characterizing costs and benefits of information, leading to …

exposure to macroeconomic risk, consistent with sticky information models in which people are inattentive, but understand how …

exposure to macroeconomic risk, consistent with sticky information models in which people are inattentive, but understand how …