The value of information in a cooperative environment

Patricia Lucia Galdeano, Jorge Oviedo and Luis Quintas

Estudios de Economia, 2003, vol. 30, issue 2 Year 2003, 199-224

Abstract: In this paper we analyze the value of the information in a cooperative game. There is a player, the innovator, having a know how or relevant information which is not useful for himself but it can be sold to some potential buyers. The n potential users of the information are involved in a market having all them the same characteristics. The expected utility of each of them can be improved by game. The Shapley value is the cooperative solution studied.

Keywords: Models of Technology Transferal; Cooperative Games Theory; Weak Superaditivity; Shapley Value. (search for similar items in EconPapers)
JEL-codes: C71 D82 O31 (search for similar items in EconPapers)
Date: 2003
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Persistent link: https://EconPapers.repec.org/RePEc:udc:esteco:v:30:y:2003:i:2:p:199-224

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