The Private and Social Value of Information and the Reward to Inventive Activity

1978 ◽  
pp. 541-556 ◽  
Author(s):  
JACK HIRSHLEIFER
Keyword(s):  
Value Of Information ◽  
Social Value ◽  
Inventive Activity

scholarly journals Cycles, Gaps, and the Social Value of Information

2011 ◽  
Author(s):  
George-Marios Angeletos ◽  
Luigi Iovino ◽  
Jennifer La'O
Keyword(s):  
Value Of Information ◽  
Social Value ◽  
The Social

Efficient Use of Information and Social�Value�of�Information

Econometrica ◽  
2007 ◽  
Vol 75 (4) ◽  
pp. 1103-1142 ◽  
Author(s):  
George-Marios Angeletos ◽  
Alessandro Pavan
Keyword(s):  
Value Of Information ◽  
Social Value

The social value of information and the competition motive: price versus quantity games

2019 ◽  
Vol 70 (4) ◽  
pp. 1101-1137 ◽  
Author(s):  
Camille Cornand ◽  
Rodolphe Dos Santos Ferreira
Keyword(s):  
Value Of Information ◽  
Social Value ◽  
The Social

scholarly journals Real Rigidity, Nominal Rigidity, and the Social Value of Information

2016 ◽  
Vol 106 (1) ◽  
pp. 200-227 ◽  
Author(s):  
George-Marios Angeletos ◽  
Luigi Iovino ◽  
Jennifer La'O
Keyword(s):  
Business Cycle ◽  
Value Of Information ◽  
Social Value ◽  
Cycle Model ◽  
Pricing Decisions ◽  
Nominal Rigidity ◽  
The Social ◽  
State Of The Economy ◽  
Business Cycle Model ◽  
The Business Cycle

Does welfare improve when firms are better informed about the state of the economy and can thus better coordinate their production and pricing decisions? We address this question in an elementary business-cycle model that highlights how the dispersion of information can impede both kinds of decisions and, in this sense, be the source of both real and nominal rigidity. Within this context we develop a taxonomy for how the social value of information depends on the two rigidities, on the sources of the business cycle, and on the conduct of monetary policy. (JEL D21, D82, D83, E32, E52)

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