Characterizing social value of information

DOI10.1016/J.JET.2014.12.007zbMATH Open1330.91129OpenAlexW2232674540MaRDI QIDQ896962FDOQ896962

Authors: Takashi Ui, Yasunori Yoshizawa 

Publication date: 15 December 2015

Published in: Journal of Economic Theory (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1016/j.jet.2014.12.007

Recommendations

• When is the value of public information positive in a game?
• The social value of information with an endogenous public signal
• The social value of public information with costly information acquisition
• Efficient Use of Information and Social�Value�of�Information
• The social value of public information with convex costs of information acquisition

zbMATH Keywords

Bayesian gameincomplete informationpotential gamevalue of informationteamoptimal information structureprivate signalpublic signal

Mathematics Subject Classification ID

Noncooperative games (91A10) Other game-theoretic models (91A40) Economics of information (91B44)

Cites Work

• On the value of information in a strategic conflict
• Positive value of information in games
• Potential games
• Strategic communication networks
• Optimal research for Cournot oligopolists
• Axiomatic characterizations of solutions for Bayesian games
• Aggregation of Information in Large Cournot Markets
• Efficient Use of Information and Social�Value�of�Information
• Team Decision Problems
• Duopoly information equilibrium: Cournot and Bertrand
• The positive value of information
• Knowing What Others Know: Coordination Motives in Information Acquisition
• Information Acquisition and Welfare
• Are people conditionally cooperative? Evidence from a public goods experiment
• Secret information acquisition in Cournot markets
• Information structures in optimal auctions
• A two-person game of information transmission
• Robust predictions in games with incomplete information
• The values of information in some nonzero sum games
• Endogenous Information Acquisition in Coordination Games
• The social value of public information with costly information acquisition
• The social value of public information with convex costs of information acquisition
• A simple example on informativeness and performance

Cited In (15)

• Computing the value of information in quadratic stochastic decision problems
• Efficient Use of Information and Social�Value�of�Information
• Public information and global games with strategic complements and substitutes
• The social value of information and the competition motive: price versus quantity games
• The social value of information on product quality
• Blackwell's ordering and public information.
• Cournot competition and the social value of information
• Information acquisition and welfare in network games
• The social value of information with an endogenous public signal
• The social value of public information with costly information acquisition
• One-leader and multiple-follower Stackelberg games with private information
• Information, egalitarianism and the value
• Bayesian Nash equilibrium and variational inequalities
• Information, coordination, and market frictions: an introduction
• The social value of public information with convex costs of information acquisition

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