Transparency of Information and Coordination in Economies with Investment Complementarities
By George-Marios Angeletos, Alessandro Pavan. 2004
313 citations recorded by the source corpus.
Subfields: Economics and Econometrics
View Paper: https://www.semanticscholar.org/paper/2c798e03f2b7d16e772e3331074053af90708187
How researchers see this paper
The researchers whose trusted networks rank it highest, strongest advocate first. Every researcher gets a different order.
In Economics and Econometrics
- Itay Goldstein
- Stephen Morris
- Hyun Song Shin
- Liyan Yang
- Guido Lorenzoni
- George-Marios Angeletos
- Xavier Vives
- Anton Korinek
Citations in the corpus
- Good disclosure, bad disclosure (2019, background): “A recent line of research rely on payo¤ externality and hence coordination motives across economic agents to show that public information release may harm welfare, for example, Morris and Shin (2002), Angeletos and Pavan (2004), Angeletos and Pavan (2007), and Goldstein, Ozdenoren and Yuan (2011).”
- Information Markets and the Comovement of Asset Prices (2006, unknown): “When agents all have the same information set, the vector of prices takes the following form: Pt = 1 R (E[θt]− aVar[ut]xt) (3)”
- A Theory of Demand Shocks (2009, methodology): “the productivity process, given by st = xt + et; (4) where et is i.”
- Central Bank Transparency and the Signal Value of Prices (2006, background): “In the case of Angeletos and Pavan (2004), the coordination element comes from an investment problem with positive spillover e ects, and so an explicit coordination premium is built into the problem.”
- Public Information and Coordination: Evidence from a Credit Registry Expansion (2011, unknown): “Public Credit Registries are government managed databases of credit information on borrowers in a (1)Angeletos and Pavan (2004, 2007a, 2007b),Carlsson and van Damme (1993), Conrad and Heinemann (2008), Goldstein and Pauzner (2005), Morris and Shin (1998, 2002a, 2002b, 2005, 2007), Morris, Shin, and ”
- Imperfect Information and Aggregate Supply (2010, unknown): “ Angeletos and Pavan (2004) considered physical investment decisions.”
- Policy with Dispersed Information (2007, unknown): “Proof of Corollary 2. Part (i) follows from Propositions (2) and ( 3 ): for any “nondegenerate” information structure F, given κ = κ∗, the unique solution to (4) coincides with the”