2 papers
econ.TH2026
Information Divergence and Endogenous Evolution of Asymmetric Information
Ratna K. Shrestha, Gaurav Subedi, Ayush Shrestha
Standard theories trace information asymmetry to privately held information, heterogeneous signals, or costly information acquisition. We identify a distinct mechanism: otherwise i…
econ.TH2026
Information Latency: Theory and Economic Consequences
Gaurav Subedi, Ratna K. Shrestha
Many economic decisions rely on observations that predate the decision time. This paper introduces information latency, the elapsed time between a decision and the most recent obse…