Title of article
Selling less information for more: garbling with benefits
Author/Authors
Thomas A. Weber، نويسنده , , David C. Croson، نويسنده ,
Issue Information
روزنامه با شماره پیاپی سال 2004
Pages
7
From page
165
To page
171
Abstract
The expected value of information in a standard portfolio investment problem with ex-post payment can increase when the information is garbled prior to its sale. Distorting the information helps to resolve the incentive problem decreasing the buyerʹs default risk and thereby increasing the sellerʹs expected revenues
Keywords
Value of information , Portfolio investment , limited liability , Garbling
Journal title
Economics Letters
Serial Year
2004
Journal title
Economics Letters
Record number
435402
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