The Design and Price of Information
A data buyer faces a decision problem under uncertainty. He can augment his initial private information with supplemental data from a data seller. His willingness to pay for supplemental data is determined by the quality of his initial private information. The data seller optimally offers a menu of...
Main Authors: | , , |
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Format: | Article |
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American Economic Association
2018
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Online Access: | http://hdl.handle.net/1721.1/116348 https://orcid.org/0000-0002-9150-2334 |