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econ.TH2022
Predicting Choice from Information Costs
Elliot Lipnowski, Doron Ravid
An agent acquires a costly flexible signal before making a decision. We explore to what degree knowledge of the agent's information costs helps predict her behavior. We establish a…
econ.TH2022★ 2 cited
Monopoly, Product Quality, and Costly Information
Jeffrey Mensch, Doron Ravid, João Thereze
A seller offers a buyer a schedule of transfers and associated product qualities. After observing this schedule, the buyer chooses a flexible costly signal about his type. We show…