Blackwell's ordering and public information.

We characterize a precise comparative static on welfare and the amount of public information in an economy under uncertainty. Results dating to Hirshleifer (Amer. Econom. Rev. 61 (1971) 561) have suggested that information can have negative value in such a setting, but counterexamples using competit...

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Detalles Bibliográficos

Publicado en:	Journal of Economic Theory Vol. 114; no. 2; pp. 179 - 198
Autor principal:	Campbell, Colin M.
Formato:	Artículo
Publicado:	Academic Press Inc. February 2004
Materias:	Blackwell, David, 1919-2010 Information theory in economics Welfare economics Resource allocation > Mathematical models Uncertainty Economics
Acceso en línea:	Ver este registro en EBSCOhost