How does the sensitivity of prices to public information changes along a production chain? We examine this question in … a setting where prices in a stage affect the cost of next stage firms and also contain information about the unobserved … state of the economy. Our results depend on the information structure. Prices rely more on public information along the …

transparency regimes affect deliberation in different ways but lead both to a breakdown of information aggregation. However … than in theory. …

first placing them into their proper political economy context as well as analyzing them in a modified information … facilitate information transmission and necessary for resource constrained lobbyists to transmit information to decision makers …

We study information transmission through informal elections. Our leading example is that of protests in which there … may be positive costs or benefits of participation. The aggregate turnout provides information to a policy maker. However … information transmission by lending credibility to protest participation. …

This paper investigates robust information transmission between a sender and a receiver in the Crawford and Sobel (1982 …

This paper studies information orders in screening models with quasilinear preferences. I amend a general screening … information order ranks two signals if the distributions over inverse hazard rates induced by the first signal are mean …

We consider a large rational expectations economy built on Han and Yang (2013) where traders can share information with … each other via an information network and investigate the impact of network connectedness on market equilibrium outcomes …. We find that in the equilibrium with endogenous information, increasing network connectedness increases the total …

This paper studies monetary policy under discretion when the central bank ex ante determines information to be acquired … and made public. In a general setting, wherein a monetary instrument signals the central bank's private information, I … show that an optimal information policy comprises the full disclosure of acquired information, which eliminates the …

This paper studies information sharing between strategic investors who are privately informed about asset fundamental … with different precision levels. We find that a coarsely informed investor would always share her information “as is” if … well informed investor to trade against her information, thereby offsetting her informed order flow and reducing the price …

information disclosure. Our approach unifies a wide range of previous findings and generates new applications …