Value of information (VoI) is a decision-theoretic approach to estimating the expected benefits from collecting further … information of different kinds, in scientific problems based on combining one or more sources of data. VoI methods can assess the …

. Information insensitive securities reduce the liquidity supplier's informational rents. The issuer optimally screens the liquidity … supplier's private information by offering a menu of debt contracts with face values monotonically ordered in the liquidity … supplier's valuation. We leverage this characterization to show that when the liquidity supplier's private information becomes …