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Log-Concave Utility and its Applications

Author

Listed:
  • Mark Bagnoli
  • Ted Bergstrom

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.

Suggested Citation

  • Mark Bagnoli & Ted Bergstrom, 1994. "Log-Concave Utility and its Applications," Microeconomics 9410002, University Library of Munich, Germany.
    • 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.
    as

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    References listed on IDEAS

    as
    1. David P. Baron & David Besanko, 1984. "Regulation, Asymmetric Information, and Auditing," RAND Journal of Economics, The RAND Corporation, vol. 15(4), pages 447-470, Winter.
    Full references (including those not matched with items on IDEAS)

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    Cited by:

    1. Robert M. Hunt, 2007. "Matching externalities and inventive productivity," Working Papers 07-7, Federal Reserve Bank of Philadelphia.

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    More about this item

    JEL classification:

    • D1 - Microeconomics - - Household Behavior
    • D2 - Microeconomics - - Production and Organizations
    • D3 - Microeconomics - - Distribution
    • D4 - Microeconomics - - Market Structure, Pricing, and Design

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