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Risk and Revelation: Changing the Value of Information

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Author Info

  • Creane, A.

Abstract

A different approach is introduced to determine the value of an information-sharing agreement: the measure of risk aversion/loving. This approach reveals the relationship between information-sharing models and the risk literature. It also allows uncertainty regarding the slope of a firm's own demand function to be examined, which previous work eschews. The results suggest that the incentive to reveal information is more prevalent than previously thought: firms prefer to commit to reveal private valued information in both quantity and price competition. This differs from previous work where the incentive to commit depended on the type of competition. Copyright 1998 by The London School of Economics and Political Science

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Bibliographic Info

Paper provided by Michigan State - Econometrics and Economic Theory in its series Papers with number 9209.

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Length: 18 pages
Date of creation: 1993
Date of revision:
Handle: RePEc:fth:mistet:9209

Contact details of provider:
Postal: MICHIGAN STATE UNIVERSITY, DEPARTMENT OF ECONOMICS, EAST LANSING MICHIGAN 48824 U.S.A.
Phone: 517.355.7583
Fax: 517.432.1068
Web page: http://econ.msu.edu/
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Related research

Keywords: econometrics ; econometric models ; risk;

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Cited by:
  1. Genesove, D. & Mullin, W., 1997. "The Sugar Institute Learns to Organize Information Exchange," Working papers 97-3, Massachusetts Institute of Technology (MIT), Department of Economics.
  2. Young-Ro Yoon, 2008. "Strategic Disclosure of Valuable Information within Competitive Environments," Caepr Working Papers 2008-022, Center for Applied Economics and Policy Research, Economics Department, Indiana University Bloomington.

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