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Replication data for: Paging Inspector Sands: The Costs of Public Information

Version
1
Resource Type
Dataset
Creator
  • Kapoor, Sacha
  • Magesan, Arvind
Publication Date
2014-01-04
Description
  • Abstract

    We exploit the introduction of pedestrian countdown signals—timers that indicate when traffic lights will change—to evaluate a policy that improves the information of all market participants. We find that although countdown signals reduce the number of pedestrians struck by automobiles, they increase the number of collisions between automobiles. They also cause more collisions overall, implying that welfare gains can be attained by hiding the information from drivers. Whereas most empirical studies on the role of information in markets suggest that asymmetric information reduces welfare, we conclude that asymmetric information can, in fact, improve it.
Availability
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Relations
  • Is supplemented by
    DOI: 10.1257/pol.6.1.92 (Text)
Publications
  • Kapoor, Sacha, and Arvind Magesan. “Paging Inspector Sands: The Costs of Public Information.” American Economic Journal: Economic Policy 6, no. 1 (February 2014): 92–113. https://doi.org/10.1257/pol.6.1.92.
    • ID: 10.1257/pol.6.1.92 (DOI)

Update Metadata: 2019-10-13 | Issue Number: 1 | Registration Date: 2019-10-13

Kapoor, Sacha; Magesan, Arvind (2014): Replication data for: Paging Inspector Sands: The Costs of Public Information. Version: 1. ICPSR - Interuniversity Consortium for Political and Social Research. Dataset. https://doi.org/10.3886/E114854V1