• 1 Introduction
  • 2 Discussion of the Relevant Literature
  • 2.1 Marschak’s Value of Information and Blackwell’s conditionon the informativeness of information structures
  • 2.2 The Radner / Stiglitz Result on the Nonconcavity ofStarting Information Processing
  • 3 A Model for the Valuation of Information Processing
  • 4 Results: The Shape of Information Processing Functions
  • 5 Summary and Conclusions
  • References