Log-Concave Utility and its Applications
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.
|Date of creation:||11 Oct 1994|
|Date of revision:|
|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.|
|Contact details of provider:|| Web page: http://econwpa.repec.org|
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