Implications of More Precise Information for Technological Development and Welfare

Implications of More Precise Information for Technological Development and Welfare
This paper analyzes the dynamic interactions between the precision of information, technological development, and welfare within an overlapping generations model. More precise information about idiosyncratic production shocks has ambiguous effects on technological progress and welfare, which depend critically on the risk sharing capacity of the... READ MORE...

Publication date: April 2007
ISBN 9781451866599
$18.00

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