Attention costs can cause some information to be ignored and decisions to be imperfect. Can we improve the material welfare of a rationally inattentive agent by restricting his information in the first place? In our model, a well-intentioned principal provides information to an agent for whom...

We examine the macro implications of commodity price shocks in a general equilibrium model with input-output linkages for a commodity-exporting small open economy. In the model, fluctuations in commodity price affect aggregate output not only through resource reallocation, currency value changes...

The evaluation and analysis of barriers that restrict the large-scale development of shale gas are beneficial to the selection of a scientific and reasonable development model. The objective of our study was to reveal the key barriers to the large-scale development of shale gas in China. Sixteen...