and identify the income process or the information set of the individuals. Second, one can assume that the income process … choices over the life cycle. We start by analyzing the theoretical impact of income changes on consumption - highlighting the … role of persistence, information, size and insurability of changes in economic resources. We next examine the empirical …

and identify the income process or the information set of the individuals. Second, one can assume that the income process … choices over the life cycle. We start by analyzing the theoretical impact of income changes on consumption - highlighting the … role of persistence, information, size and insurability of changes in economic resources. We next examine the empirical …

and identify the income process or the information set of the individuals. Second, one can assume that the income process … choices over the life cycle. We start by analyzing the theoretical impact of income changes on consumption - highlighting the … role of persistence, information, size and insurability of changes in economic resources. We next examine the empirical …

benefits only if they aggregate their private information. Some members of the society, however, are harmed by socially … desirable policies and aim at manipulating information aggregation by misrepresenting their private information. We show that … information can be aggregated and a socially desirable policy can be implemented under a new class of democratic mechanisms …