Attention misallocation, social welfare and policy implications

DOI10.1016/J.JEDC.2015.05.003zbMath1401.91339OpenAlexW1937175523MaRDI QIDQ1657478

Yulei Luo, Guangyu Pei, Heng Chen

Publication date: 13 August 2018

Published in: Journal of Economic Dynamics \& Control (Search for Journal in Brave)

Full work available at URL: https://www.zora.uzh.ch/id/eprint/110798/1/Attention%20Misallocation_Chen.pdf

zbMATH Keywords

social welfarecoordination gamerational inattention

Mathematics Subject Classification ID

Applications of game theory (91A80) Macroeconomic theory (monetary models, models of taxation) (91B64) Signaling and communication in game theory (91A28) Welfare economics (91B15)

Related Items (1)

A rational inattention unemployment trap

Cites Work

• Coordination with flexible information acquisition
• Portfolio choice, attention allocation, and price comovement
• Information Acquisition and Under-Diversification
• Knowing What Others Know: Coordination Motives in Information Acquisition
• Endogenous Information Acquisition in Coordination Games
• [https://portal.mardi4nfdi.de/wiki/Publication:5441272 Efficient Use of Information and Social�Value�of�Information]

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