addition, poorly functioning institutions, lack of information or poor exposure of farmers to agricultural innovations, and …

information. Over time, agents are privatelyinformed by bids and offers. Investors are segmented into groups that differ … withrespect to characteristics determining information quality, including initial infor-mation precision as well as market … “connectivity,” the expected frequency of theirtrading opportunities. Investors with superior information sources attain …

In most environments, information is critical to consumer's decision making. Consumers have prior beliefs about quality … and price of goods and services and obtain new information which is used to update these prior beliefs or to form … consumer's prior beliefs about genetic modification and of diverse, new information on their willingness to pay for foods that …

attributes of experimental goods. Diverse private information from the agriculturalbiotech industry (largely Monsanto and … Syngenta), environmental groups (largely Greenpeaceand Friends of the Earth) and independent third-party information is used to … construct theinformation treatments. Food labels and information treatments are randomized, which is adeviation from traditional …