Results 131 to 140 of about 24,713 (170)
Precautionary price stickiness [PDF]
This paper proposes two models in which price stickiness arises endogenously even though firms are free to change their prices at zero physical cost. Firms are subject to idiosyncratic and aggregate shocks, and they also face a risk of making errors when
Costain, James, Nakov, Anton
core
Evaluating microfoundations for aggregate price regidities: evidence from matched firm-level data on product prices and unit labor cost [PDF]
Using data on product-level prices matched to the producing rm s unit labor cost, we reject the hypothesis of a full and immediate pass-through of marginal cost.
Carlsson, Mikael +1 more
core
The rigidity of choice: lifetime savings under information-processing constraints [PDF]
This paper studies the implications of information-processing limits on the consumption and savings behavior of households through time. It presents a dynamic model in which consumers rationally choose the size and scope of the information they want to ...
Tutino, Antonella
core +1 more source
Attention, Demographics, and the Stock Market [PDF]
Do investors pay enough attention to long-term fundamentals? We consider the case of demographic information. Cohort size fluctuations produce forecastable demand changes for age-sensitive sectors, such as toys, bicycles, beer, life insurance, and ...
Joshua M. Pollet, Stefano DellaVigna
core
Entropy and the value of information for investors [PDF]
Consider any investor who fears ruin facing any set of investments that satisfy no-arbitrage. Before investing, he can purchase information about the state of nature in the form of an information structure. Given his prior, information structure alpha is
Antonio Cabrales +2 more
core
Abstraction in decision-makers with limited information processing capabilities
, 2013 A distinctive property of human and animal intelligence is the ability to form abstractions by neglecting irrelevant information which allows to separate structure from noise. From an information theoretic point of view abstractions are desirable because
Braun, Daniel A., Genewein, Tim
core
Rational Inattention Via Ignorance Equivalence [PDF]
SSRN Electronic Journal, 2020 Roc Armenter +2 more
openaire +1 more source
Some of the next articles are maybe not open access.
Related searches:
Related searches:
Multivariate Rational Inattention
Econometrica, 2022We study optimal control problems in the multivariate linear‐quadratic‐Gaussian framework under rational inattention. We propose a three‐step procedure to solve this problem using semidefinite programming and derive the optimal signal structure without strong prior restrictions.
Miao, Jianjun, Wu, Jieran, Young, Eric
openaire +1 more source
Dynamic rational inattention: Analytical results
Journal of Economic Theory, 2018zbMATH Open Web Interface contents unavailable due to conflicting licenses.
Maćkowiak, Bartosz +2 more
openaire +3 more sources