Costly information acquisition

被引:6
|
作者
Chambers, Christopher P. [1 ]
Liu, Ce [2 ]
Rehbeck, John [3 ]
机构
[1] Georgetown Univ, Dept Econ, Washington, DC 20057 USA
[2] Michigan State Univ, Dept Econ, E Lansing, MI 48824 USA
[3] Ohio State Univ, Dept Econ, Columbus, OH 43210 USA
关键词
Revealed preference; Information acquisition; REVEALED PREFERENCE; NONPARAMETRIC APPROACH; RATIONAL INATTENTION; TESTS;
D O I
10.1016/j.jet.2019.104979
中图分类号
F [经济];
学科分类号
02 ;
摘要
We provide revealed preference characterizations for choices made under various forms of costly information acquisition. We examine nonseparable, multiplicative, and constrained costly information acquisition. In particular, this allows the possibility of unknown time delay for acquiring information. The techniques we use parallel the duality properties in the standard consumer problem. (C) 2019 Elsevier Inc. All rights reserved.
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页数:31
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