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Log-Concave Utility and its Applications

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Author Info
Mark Bagnoli
Ted Bergstrom

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Abstract

We have found several propositions in the economics of information which depend on the log of the cumulative distribution distribution of a random variable being a concave function. In this paper we present several theorems and applications of the property of log-concavity.

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File URL: http://129.3.20.41/eps/mic/papers/9410/9410002.pdf
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Publisher Info
Paper provided by EconWPA in its series Microeconomics with number 9410002.

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Date of creation: 11 Oct 1994
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Handle: RePEc:wpa:wuwpmi:9410002

Note: This paper was written 5 years ago and we haven't gotten around to publishing it. People keep asking us for copies. Maybe this will reduce our xerox bills.
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Web page: http://129.3.20.41

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Related research
Keywords:

Find related papers by JEL classification:
D1 - Microeconomics - - Household Behavior
D2 - Microeconomics - - Production and Organizations
D3 - Microeconomics - - Distribution
D4 - Microeconomics - - Market Structure and Pricing

Cited by:
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  1. Robert M. Hunt, 2007. "Matching externalities and inventive productivity," Working Papers 07-7, Federal Reserve Bank of Philadelphia. [Downloadable!]
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This page was last updated on 2009-12-21.

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