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The value of information in a cooperative environment

Author

Listed:
  • Patricia Lucia Galdeano
  • Jorge Oviedo
  • Luis Guillermo Quintas

Abstract

In this paper we analyze the value of the information in a cooperative game. There is a player, the innovator, having a know how or relevant information which is not useful for himself but it can be sold to some potential buyers. The n potential users of the information are involved in a market having all them the same characteristics. The expected utility of each of them can be improved by game. The Shapley value is the cooperative solution studied.

Suggested Citation

  • Patricia Lucia Galdeano & Jorge Oviedo & Luis Guillermo Quintas, 2003. "The value of information in a cooperative environment," Estudios de Economia, University of Chile, Department of Economics, vol. 30(2 Year 20), pages 199-224, December.
    • Handle: RePEc:udc:esteco:v:30:y:2003:i:2:p:199-224
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    More about this item

    Keywords

    Models of Technology Transferal; Cooperative Games Theory; Weak Superaditivity; Shapley Value.;
    All these keywords.

    JEL classification:

    • C71 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Cooperative Games
    • D82 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Asymmetric and Private Information; Mechanism Design
    • O31 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Innovation and Invention: Processes and Incentives

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