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Risk And The Value Of Information In Irreversible Decisions

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  • Hans Gersbach

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  • Hans Gersbach, 1997. "Risk And The Value Of Information In Irreversible Decisions," Theory and Decision, Springer, vol. 42(1), pages 37-51, January.
    • Handle: RePEc:kap:theord:v:42:y:1997:i:1:p:37-51
    DOI: 10.1023/A:1004911026088
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    References listed on IDEAS

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    1. Kip Viscusi, W., 1988. "Irreversible environmental investments with uncertain benefit levels," Journal of Environmental Economics and Management, Elsevier, vol. 15(2), pages 147-157, June.
    2. Murota, Takeshi, 1988. "Demand and supply values of information," Information Economics and Policy, Elsevier, vol. 3(1), pages 25-34.
    3. Rothschild, Michael & Stiglitz, Joseph E., 1970. "Increasing risk: I. A definition," Journal of Economic Theory, Elsevier, vol. 2(3), pages 225-243, September.
    4. Pindyck, Robert S, 1991. "Irreversibility, Uncertainty, and Investment," Journal of Economic Literature, American Economic Association, vol. 29(3), pages 1110-1148, September.
    5. Gould, John P., 1974. "Risk, stochastic preference, and the value of information," Journal of Economic Theory, Elsevier, vol. 8(1), pages 64-84, May.
    6. Henry, Claude, 1974. "Investment Decisions Under Uncertainty: The "Irreversibility Effect."," American Economic Review, American Economic Association, vol. 64(6), pages 1006-1012, December.
    7. Ben S. Bernanke, 1983. "Irreversibility, Uncertainty, and Cyclical Investment," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 98(1), pages 85-106.
    8. Hess, James, 1982. "Risk and the gain from information," Journal of Economic Theory, Elsevier, vol. 27(1), pages 231-238, June.
    9. Robert A. Jones & Joseph M. Ostroy, 1984. "Flexibility and Uncertainty," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 51(1), pages 13-32.
    10. Hanemann, W. Michael, 1989. "Information and the concept of option value," Journal of Environmental Economics and Management, Elsevier, vol. 16(1), pages 23-37, January.
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    Cited by:

    1. Laurent Denant-Boèmont & Sabrina Hammiche, 2000. "Gains d'information du décideur public et valeur d'option des grands projets d'infrastructure," Économie et Prévision, Programme National Persée, vol. 143(2), pages 139-153.

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