Stochastic dominance and information value
Incentives for producing and disseminating information have been analysed in many different contexts. Kihlstrom [6], for example, develops a Bayesian framework to analyze the properties of demand functions for information about product quality. From an entirely different perspective, Spence [8, 91 d...
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| المؤلفون الرئيسيون: | , , |
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| التنسيق: | text |
| اللغة: | English |
| منشور في: |
Institutional Knowledge at Singapore Management University
1979
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| الموضوعات: | |
| الوصول للمادة أونلاين: | https://ink.library.smu.edu.sg/soa_research/743 https://ink.library.smu.edu.sg/context/soa_research/article/1742/viewcontent/1_s2.0_0022053179900723_main.pdf |
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| الملخص: | Incentives for producing and disseminating information have been analysed in many different contexts. Kihlstrom [6], for example, develops a Bayesian framework to analyze the properties of demand functions for information about product quality. From an entirely different perspective, Spence [8, 91 demonstrates the private value of “signalling” information. Similarly, Wilson [lo] considers the value to the firm of producing technological information and the effect of such production on equilibrium theory. |
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