A working paper exploring the idea that information equilibrium is a general principle for understanding the micro- and macroeconomic allocation problem. [Here] is an overview.
Really appreciate this post Jason! It's actually pretty remarkable what you have done here, to relate all the factors of relative stock performance to information equilibrium in one framework. Kudos!
Thanks, Todd! I have another bit on Tobin's Q coming up ...
Comments are welcome. Please see the Moderation and comment policy.Also, try to avoid the use of dollar signs as they interfere with my setup of mathjax. I left it set up that way because I think this is funny for an economics blog. You can use € or £ instead.