تقرير
Blackwell-Monotone Information Costs
| العنوان: | Blackwell-Monotone Information Costs |
|---|---|
| المؤلفون: | Cheng, Xiaoyu, Kim, Yonggyun |
| سنة النشر: | 2024 |
| المجموعة: | Computer Science Mathematics |
| مصطلحات موضوعية: | Economics - Theoretical Economics, Computer Science - Information Theory |
| الوصف: | A Blackwell-monotone information cost function assigns higher costs to Blackwell more informative experiments. This paper provides simple necessary and sufficient conditions for a cost function to be Blackwell monotone over finite experiments. The key condition involves a system of linear differential inequalities. By using this characterization, we show that when a cost function is additively separable, it is Blackwell monotone if and only if it is the sum of sublinear functions. This identifies a wide range of practical information cost functions. Finally, we apply our results to bargaining and persuasion problems with costly information, broadening and strengthening earlier findings. Comment: 43 pages, 2 figures, 15 pages of online appendix |
| نوع الوثيقة: | Working Paper |
| URL الوصول: | http://arxiv.org/abs/2404.15158 |
| رقم الأكسشن: | edsarx.2404.15158 |
| قاعدة البيانات: | arXiv |
| الوصف غير متاح. |