Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
5061867 | Economics Letters | 2008 | 4 Pages |
Abstract
In a beauty contest framework, public authorities decide the accuracy of public information evaluating how it affects individual actions and private information acquisition. More precise public information increases welfare whenever its marginal cost does not exceed that of private information.
Related Topics
Social Sciences and Humanities
Economics, Econometrics and Finance
Economics and Econometrics
Authors
Luca Colombo, Gianluca Femminis,