A unified differential information framework assessing that more information is preferred to less
Guadalupe Fugarolas Álvarez-Ude () and
Carlos Hervés-Beloso ()
MPRA Paper from University Library of Munich, Germany
The Walrasian model has played a central role in all aspects of economics. The purpose of this paper is to propose a general modeling of differential information in the spirit of the Arrow-Debreu model and following the Radner tradition but away from the usual measurability conception. We provide a characterization of better informed agents in order to firstly formalize an essential feature known as part of some oral tradition: a decisionmaker prefers more information to less.
Keywords: Uncertainty; differential information; information sets; informational feasibility and better informed agents (search for similar items in EconPapers)
JEL-codes: D80 C65 D50 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-knm and nep-upt
References: View references in EconPapers View complete reference list from CitEc
Citations: Track citations by RSS feed
Downloads: (external link)
https://mpra.ub.uni-muenchen.de/612/1/MPRA_paper_612.pdf original version (application/pdf)
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:pra:mprapa:612
Access Statistics for this paper
More papers in MPRA Paper from University Library of Munich, Germany Ludwigstraße 33, D-80539 Munich, Germany. Contact information at EDIRC.
Bibliographic data for series maintained by Joachim Winter ().