The DOI matches its Crossref record; 2 of the 2 references it cites were found in a registry or an index.
Social Value of Public Information
Open accessAbstract
What are the welfare effects of enhanced dissemination of public information through the media and disclosures by market participants with high public visibility? We examine the impact of public information in a setting where agents take actions appropriate to the underlying fundamentals, but they also have a coordination motive arising from a strategic complementarity in their actions. When the agents have no socially valuable private information, greater provision of public information always increases welfare. However, when agents also have access to independent sources of information, the welfare effect of increased public disclosures is ambiguous.
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Cites
Maps of Bounded Rationality: Psychology for Behavioral Economics
Kahneman, D. (2003) · American Economic Review · doi:10.1257/000282803322655392 · Cited by 5,377
Lord, C. G., Ross, L., & Lepper, M. R. (1979) · Journal of Personality and Social Psychology · doi:10.1037/0022-3514.37.11.2098 · Cited by 4,583
Cited by
The Causal Impact of Media in Financial Markets
ENGELBERG, J. E., & PARSONS, C. A. (2011) · The Journal of Finance · doi:10.1111/j.1540-6261.2010.01626.x · Cited by 1,121
Communication Technology and Protest
Little, A. T. (2016) · The Journal of Politics · doi:10.1086/683187 · Cited by 192
Coordination and Status Influence
Clark, C. R., Clark, S., & Polborn, M. K. (2006) · Rationality and Society · doi:10.1177/1043463106066379 · Cited by 22
Metadata
- Authors
- Morris, S., & Shin, H. S.
- Venue
- American Economic Review
- Publisher
- American Economic Association
- Published
- 2002-11-01
- Volume
- 92
- Issue
- 5
- Pages
- 1521-1534
- ISSN
- 0002-8282 (ISSN-L)
- OpenAlex
- W2097119464
- Cited by
- 1,967
- References
- 2
- FWCI
- 43.31
- Type
- journal article
- Language
- en
- Open access
- green
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Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).
Semantic Scholar’s data is described in: Kinney, R., et al. (2023). The Semantic Scholar Open Data Platform. arXiv:2301.10140.
