Tractable Valuations under Uncertainty
József Sákovics ()
Edinburgh School of Economics Discussion Paper Series from Edinburgh School of Economics, University of Edinburgh
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 lifetime 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)
New Economics Papers: this item is included in nep-mic and nep-upt
References: View references in EconPapers View complete reference list from CitEc
Citations: Track citations by RSS feed
Downloads: (external link)
Journal Article: Tractable valuations under uncertainty (2015)
Working Paper: Tractable valuations under uncertainty (2014)
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:edn:esedps:247
Access Statistics for this paper
More papers in Edinburgh School of Economics Discussion Paper Series from Edinburgh School of Economics, University of Edinburgh 31 Buccleuch Place, EH8 9JT, Edinburgh. Contact information at EDIRC.
Bibliographic data for series maintained by Research Office ().