A note on the property rights theory and the ex ante value of information

Mohan, Vijay 2014, A note on the property rights theory and the ex ante value of information, Bulletin of economic research, vol. 66, no. 2, pp. 205-215.

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Title A note on the property rights theory and the ex ante value of information
Author(s) Mohan, Vijay
Journal name Bulletin of economic research
Volume number 66
Issue number 2
Start page 205
End page 215
Total pages 11
Publisher Wiley-Blackwell Publishing
Place of publication Oxford, England
Publication date 2014
ISSN 1467-8586
0307-3378
Keyword(s) incomplete contracts
property rights theory
second-best investments
value of information
Summary This paper examines the ex ante value of information in the property rights model where the possibility exists that an investing agent can be provided with relevant information before investments are undertaken. When contracts are incomplete, from an ex ante perspective, informing the investing agent does not necessarily increase the expected surplus resulting from a relationship between two economic agents. The paper highlights the fact that the second-best nature of the problem that arises from contractual incompleteness can ensure this.
Language eng
Field of Research 140104 Microeconomic Theory
Socio Economic Objective 910299 Microeconomics not elsewhere classified
HERDC Research category C1 Refereed article in a scholarly journal
ERA Research output type C Journal article
Copyright notice ©2011, Wiley-Blackwell Publishing
Persistent URL http://hdl.handle.net/10536/DRO/DU:30041828

Document type: Journal Article
Collections: Faculty of Business and Law
Deakin Graduate School of Business
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