Information disclosure and asymmetric speed of learning in booms and busts
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DOI: 10.1016/j.econlet.2017.06.027
Abstract: We consider a model in which agents gradually learn about the aggregate market conditions — ‘boom’ or ‘bust’ — from the information disclosed after a trading round. The disclosure rules can generate asymmetric learning and… read more here.
Keywords: information; information disclosure; disclosure asymmetric; disclosure ... See more keywords