Muendler, Marc-Andreas, \The Action Value of Information and the Natural Trans-
parency Limit," 2005. UCSD Working Paper.
Myatt, David and Chris Wallace, \On the Sources and Value of Information: Pub-
lic Announcements and Macroeconomic Performace," 2008. Oxford University Working
Paper.
and , \Endogenous Information Acquisition in Coordination Games," 2009. Oxford
University Working Paper.
O'Hara, Maureen, Market Microstructure Theory, Blackwell Press, 1995.
Ozdenoren, Emre and Kathy Yuan, \Feedback E®ects and Asset Prices," Journal of
Finance, 2007, 63(4), 1939{1975.
Pastor, Lubos and Pietro Veronesi, \Stock Valuation and Learning About Pro¯tability,"
Journal of Finance, 2003, 58(5), 1749{89.
Peng, Lin, \Learning with Information Capacity Constraints," Journal of Financial and
Quantitative Analysis, 2005, 40(2), 307{329.
and Wei Xiong, \Investor Attention, Overcon¯dence and Category Learning," Journal
of Financial Economics, 2006, 80, 563{602.
Peress, Joel, \Wealth, Information Acquisition and Portfolio Choice," The Review of Fi-
nancial Studies, 2004, 17(3), 879{914.
, \The Tradeo® between Risk Sharing and Information Production in Financial Markets,"
Journal of Economic Theory, 2010, 145(1), 124{155.
Radner, Roy and Joseph Stiglitz, \A Nonconcavity in the Value of Information," in
M. Boyer and R.E. Kihlstrom, eds., Bayesian Models in Economic Theory, Elsevier Science
Publishers B.V., 1984.
and Timothy Van Zandt, \Real-Time Decentralized Information Processing and Re-
turns to Scale," Economic Theory, 2001, 17, 497{544.
Rebelo, Sergio, \Real Business Cycle Models: Past, Present, and Future," Scandinavian
Journal of Economics, 2005, 107(2), 217{238.
Reis, Ricardo, \Inattentive Producers," Review of Economic Studies, 2006, 73(3), 793{821.
Romer, Paul, \Endogenous Technological Change," Journal of Economy, 1990,
98, 71{102