Footnote:
Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments February 27, 2017 erstellt
Description:
We consider information markets where its consumers care about some unknown state of fundamentals and about coordinating with others. Moreover, information consumes attention while being consumed and attention can be monetized, so that information suppliers compete for it. We examine how the dual role of information sources as learning and coordination devices shapes information supply, which depends on the consumers' desire to coordinate. We also study the effects of inefficiencies in the use of information on its supply and demonstrate that, even without such inefficiencies, competitive equilibria are generically inefficient