A relatively recent strand of economic literature studies the design of information. Classical economic models analyze optimal decision-making (e.g., profit-maximizing firms choosing prices or quantities) taking a particular economic environment as given. Such an environment, and in particular the knowledge of its characteristics by decision-makers, is usually endogenous in the real world. The information that decision-makers process plays a role in determining their decisions. Therefore, it is fundamental to understand what is the content of the information available to decision-makers and why.
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