Public versus Private Information Provision

Matthew T. Clements

Economic Papers, 2014, vol. 33, issue 4, 391-399

Abstract: type="main" xml:id="ecpa12087-abs-0001">

When is it better for the government to provide information, and when is this role better left to the market? I present a simple framework for evaluating this question, where the key factors are the cost of errors based on imperfect information and whether information is eventually revealed to consumers. I then apply the framework to examples.

Date: 2014
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