Gensbittel, Fabien; Pęski, Marcin; Renault, Jérôme - In: Theoretical economics : TE ; an open access journal in … 17 (2022) 3, pp. 1225-1267
We define the distance between two information structures as the largest possible difference in value across all zero-sum games. We provide a tractable characterization of distance and use it to discuss the relation between the value of information in games versus single-agent problems, the...
