Information Percolation

We study the "percolation" of information of common interest through a large market as agents encounter and reveal information to each other over time. We provide an explicit solution for the dynamics of the cross-sectional distribution of posterior beliefs. We also show that convergence o...

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Bibliografiske detaljer
Main Authors: Duffie, Darrell, Giroux, Gaston, Manso, Gustavo
Andre forfattere: Sloan School of Management
Format: Article
Sprog:English
Udgivet: American Economic Association 2019
Fag:
Online adgang:https://hdl.handle.net/1721.1/122797