Publication Type
Journal Article
Version
publishedVersion
Publication Date
1979
Abstract
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.
Discipline
Accounting | Applied Mathematics
Research Areas
Financial Intermediation and Information
Publication
Journal of Economic Theory
Volume
20
Issue
2
First Page
213
Last Page
230
ISSN
0022-0531
Identifier
10.1016/0022-0531(79)90072-3
Publisher
Elsevier
Citation
KWON, Young Koan; FELLINGHAM, John C.; and NEWMAN, D. Paul.
Stochastic dominance and information value. (1979). Journal of Economic Theory. 20, (2), 213-230.
Available at: https://ink.library.smu.edu.sg/soa_research/743
Creative Commons License
This work is licensed under a Creative Commons Attribution-NonCommercial-No Derivative Works 4.0 International License.
Additional URL
http://doi.org/10.1016/0022-0531(79)90072-3
