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Decision 1 Information Economics 1 Information Processing Functions 1 Information Structures 1 Value of Information 1
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LINDSTÄDT, Hagen 1
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Theory and Decision 1
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More nonconcavities in information processing functions
LINDSTÄDT, Hagen - In: Theory and Decision 51 (2001) 2, pp. 351-365
The productivity of (human) information processing as an economic activity is a question that is raising some interest. Using Marschak's evaluation framework, Radner and Stiglitz have shown that, under certain conditions, the production function of this activity has increasing marginal returns...
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