Information acquisition, price informativeness, and welfare

DOI10.1016/j.jet.2018.07.007zbMath1417.91324OpenAlexW3121320397MaRDI QIDQ1622376

Jean-Pierre Zigrand, Rohit Rahi

Publication date: 19 November 2018

Published in: Journal of Economic Theory (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1016/j.jet.2018.07.007

zbMATH Keywords

information acquisitionwelfareheterogeneous valuationslearning externalities

Mathematics Subject Classification ID

Microeconomic theory (price theory and economic markets) (91B24) Economics of information (91B44)

Related Items

Searching for ESG information: heterogeneous preferences and information acquisition ⋮ On the functional equivalence of two perfectly competitive economies with negative exponential utility and linear utility with a quadratic holding cost ⋮ Information, market power and welfare ⋮ A new approach to the existence and regularity of linear equilibrium in a noisy rational expectations economy ⋮ Information acquisition with heterogeneous valuations ⋮ Efficiency in trading markets with multi-dimensional signals ⋮ The equivalence of two rational expectations equilibrium economies with different approaches to processing neighbors' information ⋮ Institutionalization, delegation, and asset prices ⋮ Information aggregation in a financial market with general signal structure

Cites Work

• Unnamed Item
• Public and private learning from prices, strategic substitutability and complementarity, and equilibrium multiplicity
• Information and strategic behavior
• Should we regulate financial information?
• On the aggregation of information in competitive markets
• Price Inference in Small Markets
• Uncertainty, Information Acquisition, and Price Swings in Asset Markets
• Adverse Selection and Security Design
• VALUE OF INFORMATION IN COMPETITIVE ECONOMIES WITH INCOMPLETE MARKETS
• Information Markets and the Comovement of Asset Prices