Risk and revelation: changing the value of information.
The writer examines the value of an information-sharing agreement using the novel approach of the measure of risk-aversion/loving. He contends that this approach demonstrates the relationship between information-sharing models and the risk literature, in addition to permitting uncertainty in relati...
| Publicado en: | Economica Vol. 65; no. 258; pp. 247 - 262 |
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| Formato: | Artículo |
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Wiley-Blackwell
May 1998
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| Acceso en línea: | Ver este registro en EBSCOhost |
| Sumario: | The writer examines the value of an information-sharing agreement using the novel approach of the measure of risk-aversion/loving. He contends that this approach demonstrates the relationship between information-sharing models and the risk literature, in addition to permitting uncertainty in relation to the slope of a firm's own demand function that has to be examined, which previous work eschews. His argues that the incentive to reveal information is more prevalent than previously believed, with firms electing to commit to reveal private valued information in both quantity and price competition. |
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