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...
Main Authors: | , , |
---|---|
Andre forfattere: | |
Format: | Article |
Sprog: | English |
Udgivet: |
American Economic Association
2019
|
Fag: | |
Online adgang: | https://hdl.handle.net/1721.1/122797 |