first being the stochastic independence of decisions. And yet because certain information comes from common knowledge and … choices are correlated, but is confronted with the constraint of individual rationality …

Different Modalities of Information in Neoclassical Theory -- 9. Going the Market One Better -- 10. The History of Markets and …An enlightening examination of the role of information in modern economics and how it influences policy and politics. …Cover -- Half-Title -- The Knowledge We Have Lost in Information -- Copyright -- Contents -- List of Figures and Tables …

neoliberals -- The socialist calculation controversy as the starting point of the economics of information -- Hayek changes his … mind -- The neoclassical economics of information was incubated at cowles -- Three different modalities of information in … neoclassical theory -- Going the market one better -- The history of markets and the theory of market design -- The walrasian …

helps us understand a variety of phenomena across fields of economics. The theory of rational inattention assumes that … agents cannot process all available information, but they can choose which exact pieces of information to attend to. Several … important results in economics have been built around imperfect information. Nowadays, many more forms of information than ever …

The rational inattention literature is split between two versions of the model: in one, mutual information of states …

This article develops a Bayesian persuasion model examining a manager's incentives to gather information when the … manager can disseminate this information selectively to interested parties (“users”) and when the objectives of the manager … the information, then the manager may gather more precise information. The article identifies conditions under which a …