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A data buyer faces a decision problem under uncertainty. He can augment his initial private information with … revenue-maximizing menu of experiments must satisfy. Every experiment is a non-dispersed stochastic matrix, and every menu … contains a fully informative experiment. In the cases of binary states and actions, or binary types, we provide an explicit …
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This paper analyzes the trade of information between a data buyer and a data seller. The data buyer faces a decision …
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