research article
Selling Less Information for More: Garbling with Benefits
2004
The expected value of information in a standard portfolio investment problem with ex-post payment can increase when the information is garbled prior to its sale. Distorting the information helps to resolve the incentive problem decreasing the buyer’s default risk and thereby increasing the seller’s expected revenues.
Type
research article
Author(s)
Croson, David C.
Date Issued
2004
Published in
Volume
83
Issue
2
Start page
165
End page
171
Editorial or Peer reviewed
REVIEWED
Written at
EPFL
EPFL units
Available on Infoscience
July 16, 2013
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