The welfare costs of informationally efficient prices

DOI10.1016/J.GEB.2021.11.014zbMath1483.91088OpenAlexW3214848549MaRDI QIDQ2078043

Manuel Mueller-Frank, Moran Koren

Publication date: 25 February 2022

Published in: Games and Economic Behavior (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1016/j.geb.2021.11.014

zbMATH Keywords

social learningwelfareinformation aggregationherdingallocational efficiencydynamic marketsefficient pricesdynamic pricesasymptotic learningtotal surplus

Mathematics Subject Classification ID

Microeconomic theory (price theory and economic markets) (91B24) Social learning (91D15)

Related Items (1)

The implications of pricing on social learning

Cites Work

• Monopoly pricing in the binary herding model
• Pathological Outcomes of Observational Learning
• Sticky Information versus Sticky Prices: A Proposal to Replace the New Keynesian Phillips Curve
• Social Learning Equilibria

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