Tractable valuations under uncertainty

Research output: Working paperDiscussion paper

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
PublisherEdinburgh School of Economics Discussion Paper Series
Number of pages7
Publication statusPublished - 4 Nov 2014

Publication series

NameESE Discussion Papers
No.247

Keywords

  • distributed choice
  • quasi-linear utility
  • value for money

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