Tractable Valuations under Uncertainty

József Sákovics

Edinburgh School of Economics Discussion Paper Series from Edinburgh School of Economics, University of Edinburgh

Abstract: 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)
Pages: 7
Date: 2014-09
New Economics Papers: this item is included in nep-mic and nep-upt
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http://www.econ.ed.ac.uk/papers/id247_esedps.pdf

Related works:
Journal Article: Tractable valuations under uncertainty (2015)
Working Paper: Tractable valuations under uncertainty (2014)
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Persistent link: https://EconPapers.repec.org/RePEc:edn:esedps:247

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