Tractable valuations under uncertainty

Jozsef Sakovics

Research output: Contribution to journalArticlepeer-review

Abstract

I put forward a concise and intuitive formula for the calculation of the valuation for a good in the presence of the expectation that further, related, goods will soon become available. This valuation is tractable in the sense that it does not require the explicit resolution of the consumer’s life-time problem.
Original languageEnglish
Pages (from-to)68-70
JournalEconomics Letters
Volume126
Early online date22 Nov 2014
DOIs
Publication statusPublished - Jan 2015

Keywords

  • distributed choice
  • quasi-linear utility
  • value for money
  • D01
  • D03
  • D11
  • D91

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