Exact(9)
On the other hand, the information cost associated with ((breve {mathbf {q}}, breve {mathbf {k}}, breve {mathbf {t}})) is lower than the information cost associated with ((tilde {mathbf {q}}, tilde {mathbf {t}})).
That is, the information cost associated with the profit-maximizing basic contract is always greater than the information cost associated with the profit-maximizing restrictive contract (which requires type ℓ to utilize a super-optimal level of capital).
In rational-inattentiveness models agents update their information set only when the benefit outweighs the information cost.
Apparently, the 2006 reform had caused citizens to bear the information cost associated with deciding between health insurance contracts by the time the DCE was fielded (May 2006).
In addition, we introduce an algorithm for extracting the equilibrium as a function of the information cost, which is of great importance when the information is provided by a strategic information-provider.
where (tilde {C^{I}} (q) = tilde {C}_{ell }^{P} (q) - tilde {C}_{h}^{P} (q)) denotes the information cost of contracting with type ℓ to produce q under a basic contract.
Similar(51)
Deadlock occurred because most members could not afford the information costs needed to reach a decision.
Once you click on an item from the search results, it will give you the information (price cost per, etc).
Now that the negotiations are over, the excuse is that "collating" the information would exceed the freedom of information cost limit of £600.
Neo-institutional economics is credited with acknowledging the role of a "positive information cost" in the formation of economic organizations.
How much, you ask, did this practice of presenting multi-lingual voter information cost the state of Iowa?
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