Costly information acquisition

Christopher Chambers, Ce Liu and John Rehbeck

Journal of Economic Theory, 2020, vol. 186, issue C

Abstract: We provide revealed preference characterizations for choices made under various forms of costly information acquisition. We examine nonseparable, multiplicative, and constrained costly information acquisition. In particular, this allows the possibility of unknown time delay for acquiring information. The techniques we use parallel the duality properties in the standard consumer problem.

Keywords: Revealed preference; Information acquisition (search for similar items in EconPapers)
JEL-codes: D01 D80 (search for similar items in EconPapers)
Date: 2020
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (6)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:jetheo:v:186:y:2020:i:c:s0022053118301388

DOI: 10.1016/j.jet.2019.104979

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