Andrzej Skrzypacz
Institution
Stanford Graduate School of Business
PhD Year
2000
skrz@stanford.edu
FTG Membership
Fellow
Website
https://www.gsb.stanford.edu/faculty-research/faculty/andrzej-skrzypacz
Featured Work
Aug 13, 2025
Data versus Information Sales under Financial Constraints
We study a dynamic problem of selling data without commitment to a budget-constrained receiver. The sender has access to a data-generating process, informative about a fundamental state, and can sell it either as granular observations (raw data) or summary statistics (information). Properly designed, such statistics ensure the residual uncertainty declines predictably along with the receiver's budget, supporting efficiency under gradual information sales. In contrast, selling...
