A different approach is introduced to determine the value of an information sharing agreement: the measure of risk aversion. (An information sharing agreement is a commitment to reveal information that you are going to receive. These agreements are common within industries.) This approach is...

A different approach is introduced to determine the value of an information-sharing agreement: the measure of risk aversion/loving. This approach reveals the relationship between information-sharing models and the risk literature. It also allows uncertainty regarding the slope of a firm's own...