A MEASURE OF THE VALUE OF INFORMATION FOR THE COMPETITIVE FIRM UNDER PRICE UNCERTAINTY

Frances Antonovitz and Terry Roe

No 13702, Staff Papers from University of Minnesota, Department of Applied Economics

Abstract: This paper addresses the problem of measuring the value of information to an agent in an environment where the agent is risk averse and choices are base on the utility of income and personal beliefs about the likelihood of uncertain outcomes

Keywords: Risk; and; Uncertainty (search for similar items in EconPapers)
Pages: 19
Date: 1982
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Citations: View citations in EconPapers (2)

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Persistent link: https://EconPapers.repec.org/RePEc:ags:umaesp:13702

DOI: 10.22004/ag.econ.13702

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