Log-Concave Utility and its Applications

We have found several propositions in the economics of information which depend on the log of the cumulative distribution distribution of a random variable being a concave function. In this paper we present several theorems and applications of the property of log-concavity.

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Year of publication:	1994-10-11
Authors:	Bagnoli, Mark ; Bergstrom, Ted
Institutions:	EconWPA

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Extent:	application/pdf application/postscript
Series:	Microeconomics.
Type of publication:	Book / Working Paper
Notes:	This paper was written 5 years ago and we haven't gotten around to publishing it. People keep asking us for copies. Maybe this will reduce our xerox bills.
Classification:	D1 - Household Behavior and Family Economics ; D2 - Production and Organizations ; D3 - Distribution ; D4 - Market Structure and Pricing
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005135059