Public Communication and Information Acquisition
研究了中央银行等公共机构在提供有用信息与避免信息过载之间的权衡，发现当代理人希望协调时，释放更多信号反而可能减少他们获取的信号数量。
This paper models the tradeoff, perceived by central banks and other public actors, between providing the public with useful information and the risk of overwhelming it with excessive communication. An information authority chooses how many signals to provide regarding an aggregate state and agents respond by choosing how many signals to observe. When agents desire coordination, the number of signals they acquire may decrease in the number released. The optimal quantity of communication is positive but does not maximize agents' acquisition of information. In contrast to a model without information choice, the authority always prefers to provide more precise signals.