Dmitry Orlov
Institution
University of Wisconsin
PhD Year
2014
dmitry.orlov@wisc.edu
FTG Membership
Member
Website
http://www.dmitryorlov.com
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...
