Information Percolation With Equilibrium Search Dynamics
We solve for the equilibrium dynamics of information sharing in a large population. Each agent is endowed with signals regarding the likely outcome of a random variable of common concern. Individuals choose the effort with which they search for others from whom they can gather additional information...
| Main Authors: | , , |
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| Other Authors: | |
| Format: | Article |
| Language: | en_US |
| Published: |
Econometric Society
2010
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| Online Access: | http://hdl.handle.net/1721.1/52692 |