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Discussion Papers, Kellogg School of Management, Northwestern University >
Please use this identifier to cite or link to this item:
http://hdl.handle.net/10419/59659
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Full metadata record
| DC Field | | Value | | Language |
| dc.contributor.author | | Börgers, Tilman | | en_US |
| dc.contributor.author | | Hernando-Veciana, Angel | | en_US |
| dc.contributor.author | | Kröhmer, Daniel | | en_US |
| dc.date.accessioned | | 2010-10-22 | | en_US |
| dc.date.accessioned | | 2012-07-12T12:34:00Z | | - |
| dc.date.available | | 2012-07-12T12:34:00Z | | - |
| dc.date.issued | | 2010 | | en_US |
| dc.identifier.uri | | http://hdl.handle.net/10419/59659 | | - |
| dc.description.abstract | | The paper introduces a notion of complementarity (substitutability) of two signals which requires that in all decision problems each signal becomes more (less) valuable when the other signal becomes available. We provide a general characterization which relates complementarity and substitutability to a Blackwell comparison of two auxiliary signals. In a setting with a binary state space and binary signals, we find an explicit characterization that permits an intuitive interpretation of complementarity and substitutability. We demonstrate how these conditions extend to more general settings. | | en_US |
| dc.language.iso | | eng | | en_US |
| dc.publisher | | Northwestern Univ., Kellogg Graduate School of Management, Center for Mathematical Studies in Economics and Management Science Evanston | | en_US |
| dc.relation.ispartofseries | | Discussion Paper, Center for Mathematical Studies in Economics and Management Science 1488 | | en_US |
| dc.subject.jel | | C00 | | en_US |
| dc.subject.jel | | C44 | | en_US |
| dc.subject.jel | | D81 | | en_US |
| dc.subject.jel | | D83 | | en_US |
| dc.subject.ddc | | 330 | | en_US |
| dc.subject.keyword | | Complementarity | | en_US |
| dc.subject.keyword | | substitutability | | en_US |
| dc.subject.keyword | | value of information | | en_US |
| dc.subject.keyword | | Blackwell ordering | | en_US |
| dc.title | | When are signals complements or substitutes? | | en_US |
| dc.type | | Working Paper | | en_US |
| dc.identifier.ppn | | 637424891 | | en_US |
| dc.rights | | http://www.econstor.eu/dspace/Nutzungsbedingungen | | en_US |
| Appears in Collections: | | Discussion Papers, Kellogg School of Management, Northwestern University
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