| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP8531 |
| DP8531 Time to Decide: Information Search and Revelation in Groups | |
| Johannes Spinnewijn; Arthur Campbell; Florian Ederer | |
| 发表日期 | 2011-08-01 |
| 出版年 | 2011 |
| 语种 | 英语 |
| 摘要 | We analyze costly information acquisition and information revelation in groups in a dynamic setting. Even when group members have perfectly aligned interests the group may inefficiently delay decisions. When deadlines are far away, uninformed group members freeride on each others' efforts to acquire information. When deadlines draw close, informed group members stop revealing their information in an attempt to incentivize other group members to continue searching for information. Surprisingly, setting a tighter deadline may increase the expected decision time and increase the expected accuracy of the decision in the unique equilibrium. As long as the deadline is set optimally, welfare is higher when information is only privately observable to the agent who obtained information rather than to the entire group. |
| 主题 | Industrial Organization |
| 关键词 | Deadlines Group decisions Information disclosure Information search |
| URL | https://cepr.org/publications/dp8531 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/537365 |
| 推荐引用方式 GB/T 7714 | Johannes Spinnewijn,Arthur Campbell,Florian Ederer. DP8531 Time to Decide: Information Search and Revelation in Groups. 2011. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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