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econ.TH2022
Impacts of Public Information on Flexible Information Acquisition
Takashi Ui
Interacting agents receive public information at no cost and flexibly acquire private information at a cost proportional to entropy reduction. When a policymaker provides more publ…
econ.TH2022
Optimal and Robust Disclosure of Public Information
Takashi Ui
A policymaker discloses public information to interacting agents who also acquire costly private information. More precise public information reduces the precision and cost of acqu…