When are signals complements or substitutes?
(2012)
Journal Article
Börgers, T., Hernando-Veciana, A., & Krähmer, D. (2013). When are signals complements or substitutes?. Journal of Economic Theory, 148(1), 165-195. https://doi.org/10.1016/j.jet.2012.12.012
The paper introduces a notion of complementarity (substitutability) of two signals which requires that in all decision problems each signal becomes more (less) valuable when the other signal becomes available. We provide a general characterization wh... Read More about When are signals complements or substitutes?.