Tractable valuations under uncertainty
József Sákovics ()
Economics Letters, 2015, vol. 126, issue C, 68-70
I put forward a concise and intuitive formula for the calculation of the valuation for a good in the presence of the expectation that further, related, goods will soon become available. This valuation is tractable in the sense that it does not require the explicit resolution of the consumer’s life-time problem.
Keywords: Distributed choice; Quasi-linear utility; Value for money (search for similar items in EconPapers)
JEL-codes: D01 D03 D11 D91 (search for similar items in EconPapers)
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Working Paper: Tractable Valuations under Uncertainty
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Persistent link: http://EconPapers.repec.org/RePEc:eee:ecolet:v:126:y:2015:i:c:p:68-70
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