We examine the competitive firm's willingness to pay for a perfect price forecast. The conventional compensating variation measure can understate the value to risk-averse firms of such a forecast. A Pareto efficient contract contingent on realized prices dominates and shows that information's value is larger the greater is risk aversion
A homogeneous Cournot duopoly with asymmetric information is analyzed. Every firm learns its own mar...
We consider a standard model of consumer switching costs with demand uncertainty where firms observe...
We analyze the incentives for ficial market traders to produce information about a firm’s investment...
The theory of the competitive firm under price uncertainty is used to develop a money metric of a pr...
This paper addresses the problem of measuring the value of information to an agent in an environment...
The theory of the competitive firm under price uncertainty is used to develop a money metric of a pr...
This paper has three goals. First, we demonstrate that standard arguments and methods from productio...
In imperfectly competitive markets, incentives for the acquisition and dissemination of information ...
This paper analyzes the problem faced by a risk-averse firm considering how much to invest in a risk...
Managers often employ market response models as decision aids and historical information of competit...
Eckwert B, Broll U. The competitive firm under price uncertainty: the role of information and hedgin...
I study the problem of firms that disclose verifiable information to each other publicly, in the for...
he value of new information depends on how accurate the information is, but it may also depend on th...
Existing literature suggests that the sharing of firm-specific information related to costs of produ...
This paper has two goals. First, we demonstrate that standard arguments and methods from production ...
A homogeneous Cournot duopoly with asymmetric information is analyzed. Every firm learns its own mar...
We consider a standard model of consumer switching costs with demand uncertainty where firms observe...
We analyze the incentives for ficial market traders to produce information about a firm’s investment...
The theory of the competitive firm under price uncertainty is used to develop a money metric of a pr...
This paper addresses the problem of measuring the value of information to an agent in an environment...
The theory of the competitive firm under price uncertainty is used to develop a money metric of a pr...
This paper has three goals. First, we demonstrate that standard arguments and methods from productio...
In imperfectly competitive markets, incentives for the acquisition and dissemination of information ...
This paper analyzes the problem faced by a risk-averse firm considering how much to invest in a risk...
Managers often employ market response models as decision aids and historical information of competit...
Eckwert B, Broll U. The competitive firm under price uncertainty: the role of information and hedgin...
I study the problem of firms that disclose verifiable information to each other publicly, in the for...
he value of new information depends on how accurate the information is, but it may also depend on th...
Existing literature suggests that the sharing of firm-specific information related to costs of produ...
This paper has two goals. First, we demonstrate that standard arguments and methods from production ...
A homogeneous Cournot duopoly with asymmetric information is analyzed. Every firm learns its own mar...
We consider a standard model of consumer switching costs with demand uncertainty where firms observe...
We analyze the incentives for ficial market traders to produce information about a firm’s investment...
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