Endogenous information acquisition and countercyclical uncertainty

DOI10.1016/J.JET.2016.07.007MaRDI QIDQ308655zbMATH OpenOpenAlexFDO

Authors Jess Benhabib, Xuewen Liu, Pengfei Wang

Publication date 6 September 2016

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

Full work available at URL https://doi.org/10.1016/j.jet.2016.07.007

zbMATH Keywords

information acquisitioncountercyclical uncertaintyresource misallocation

Mathematics Subject Classification ID

Resource and cost allocation (including fair division, apportionment, etc.) (91B32) Economics of information (91B44)

Recommendations

• Information acquisition and learning from prices over the business cycle
• Uncertainty traps
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• Dynamic information acquisition and time-varying uncertainty

Cites work

• Efficient Use of Information and Social�Value�of�Information
• Endogenous information acquisition and countercyclical uncertainty
• Endogenous public information and welfare in market games
• Inattentive Producers
• Information Acquisition and Welfare
• Information acquisition and learning from prices over the business cycle
• Information, misallocation, and aggregate productivity
• Knowing What Others Know: Coordination Motives in Information Acquisition
• Sentiments
• Sentiments and aggregate demand fluctuations
• Slow boom, sudden crash
• Surprise, surprise -- measuring firm-level investment innovations
• The Impact of Uncertainty Shocks
• Uncertainty Shocks in a Model of Effective Demand: Reply

Cited in

(10)

• The uncertainty multiplier and business cycles
• Uncertainty traps
• Public disclosure and private information acquisition: a global game approach
• Endogenous information acquisition and countercyclical uncertainty
• Information acquisition and learning from prices over the business cycle
• The anatomy of sentiment-driven fluctuations
• Learning over the business cycle: policy implications
• Endogenous lemons markets and information cycles
• Surprise, surprise -- measuring firm-level investment innovations
• Endogeneous information quality: a job-assignment application

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