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Log-Concave Utility and its Applications

Mark Bagnoli and Ted Bergstrom ()

Microeconomics from EconWPA

Abstract: We have found several propositions in the economics of information which depend on the log of the cumulative distribution distribution of a random variable being a concave function. In this paper we present several theorems and applications of the property of log-concavity.

JEL-codes: D1 D2 D3 D4 (search for similar items in EconPapers)
Date: Written 1994-10-11
Note: This paper was written 5 years ago and we haven't gotten around to publishing it. People keep asking us for copies. Maybe this will reduce our xerox bills.
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