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来源类型 | Discussion paper |
规范类型 | 论文 |
来源ID | DP16884 |
DP16884 Competitive Search and the Social Value of Public Information | |
Piotr Denderski; Eeva Mauring | |
发表日期 | 2022-05-28 |
出版年 | 2022 |
语种 | 英语 |
摘要 | We study the social value of public information in an economy with competitive search and aggregate risk. While perfect information is always optimal, marginal effects of information can be positive, negative or neutral for trade. Equilibria featuring inefficient price dispersion, or the absence of trades in some states of the world, can arise. The salient features of the matching function and aggregate risk matter for how information affects the equilibrium. We also find that entry is in general inefficient. |
主题 | Financial Economics ; Industrial Organization ; Labour Economics |
关键词 | Competitive search Public information Aggregate risk Uncertainty shocks transparency Price dispersion |
URL | https://cepr.org/publications/dp16884-0 |
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/546370 |
推荐引用方式 GB/T 7714 | Piotr Denderski,Eeva Mauring. DP16884 Competitive Search and the Social Value of Public Information. 2022. |
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