This paper addresses the problem of measuring the value of information to an agent in an environment where the agent is risk averse and choices are base on the utility of income and personal beliefs about the likelihood of uncertain outcomes

The theory of the competitive firm under price uncertainty is used to develop a money metric of a producer's willingness to pay for additional information. For a restricted class of utility functions, empirical estimates of the money using secondary data can be derived from the firm's risk...

This study focuses on the relationships between export performance, marketing services and technological differences between industries in Malaysia. The maintained hypothesis of this study is that performance of marketing services is a crucial determinant to successful penetration of the export...

The theory of the competitive firm under price uncertainty is used to develop a money metric of a producer's willingness to pay for additional information. This concept is extended to the market by formulating ex-ante and ex-post measures of the value of a rational expectations forecast. The...

A computationally efficient method is developed in this paper for deriving a sequence of bounds to the global value of an integer fixed charge problem where certain functions are linear only for positive values of the argument and have a jump discontinuity at the origin. While other efficient...

In this study a utility maximizing model is developed which accommodates changing states of information. Rational consumer choices in one state of information can lead to realizing different levels of utility than anticipated. Differences between these levels of utility suggest a measure for the...

Countries cooperate in negotiating treaties. However, treaty compliance is noncooperative; signatories comply with treaties only if compliance leaves them better off than noncompliance. US and EC agricultural policies of 1986 are modeled through a noncooperative game. Bilateral treaties,...