A unified differential information framework assessing that more information is preferred to less

The Walrasian model has played a central role in all aspects of economics. The purpose of this paper is to propose a general modeling of differential information in the spirit of the Arrow-Debreu model and following the Radner tradition but away from the usual measurability conception. We provide a characterization of better informed agents in order to firstly formalize an essential feature known as part of some oral tradition: a decisionmaker prefers more information to less.

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Year of publication:	2005
Authors:	Fugarolas Álvarez-Ude, Guadalupe ; Hervés-Beloso, Carlos

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Type of publication:	Book / Working Paper
Language:	English
Notes:	Fugarolas Álvarez-Ude, Guadalupe and Hervés-Beloso, Carlos (2005): A unified differential information framework assessing that more information is preferred to less.
Classification:	D80 - Information and Uncertainty. General ; C65 - Miscellaneous Mathematical Tools ; D50 - General Equilibrium and Disequilibrium. General
Source:	BASE

Persistent link: https://www.econbiz.de/10015245693