A Note on the Property Rights Theory and the Ex Ante Value of Information

Mohan, V 2014, 'A Note on the Property Rights Theory and the Ex Ante Value of Information', Bulletin of Economic Research, vol. 66, no. 2, pp. 205-215.


Document type: Journal Article
Collection: Journal Articles

Title A Note on the Property Rights Theory and the Ex Ante Value of Information
Author(s) Mohan, V
Year 2014
Journal name Bulletin of Economic Research
Volume number 66
Issue number 2
Start page 205
End page 215
Total pages 11
Publisher Wiley Blackwell
Abstract This paper examines the ex ante value of information in the property rights model where the possibility exists that an investing agent can be provided with relevant information before investments are undertaken. When contracts are incomplete, from an ex ante perspective, informing the investing agent does not necessarily increase the expected surplus resulting from a relationship between two economic agents. The paper highlights the fact that the second-best nature of the problem that arises from contractual incompleteness can ensure this.
Subject Microeconomic Theory
Keyword(s) information
investment
property rights
theoretical study
Copyright notice © 2011 Board of Trustees of the Bulletin of Economic Research and John Wiley & Sons Ltd.
ISSN 1467-8586
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