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Topic: Information economics


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  Information economics - Wikipedia, the free encyclopedia
Information economics is a branch of Economics that studies how information affects economic decisions.
Information economics focuses on three areas: the study of information asymmetries, the economics of information goods, and the economics of information technology.
In 2001, the Bank of Sweden Prize in Economic Sciences in Memory of Alfred Nobel was awarded to George Akerlof, Michael Spence, and Joseph E. Stiglitz for their contributions to the theory of the economics of information.
en.wikipedia.org /wiki/Information_economics   (634 words)

  
 Station Information - Economics
Economics may in principle be applied to any problem that involves choice under scarcity; this includes such diverse topics as the governance of production, distribution of wealth as well as the various related problems of finance, taxation, labour, law, poverty, pollution etc.
Despite the extreme controversy surrounding larger economic issues, there is significant agreement among mainstream economists on the fundamentals of the subject, especially as reflected in microeconomics as opposed to macroeconomics.
This is viewed as a failure to respect economics by libertarians, and viewed as a failure of economics to respect society by socialists.
www.stationinformation.com /encyclopedia/e/ec/economics_1.html   (1759 words)

  
 Encyclopedia: Information economics
Economics (deriving from the Greek words οίκος [oikos], house, and νέμω [nemo], rules hence household management) is the social science that studies the allocation of scarce resources to satisfy unlimited wants.
In law and economics, moral hazard is the name given to the risk that one party to a contract can change their behaviour to the detriment of the other party once the contract has been concluded.
Michael Spence is a winner of Bank of Sweden Prize in Economic Sciences in Memory of Alfred Nobel, along with George A. Akerlof and Joseph E. Stiglitz, for their work on the dynamics of information flows and market development.
www.nationmaster.com /encyclopedia/Information-economics   (1236 words)

  
 Economics Article, Economics Information   (Site not responding. Last check: 2007-09-07)
Economics is said to be positive when itattempts to explain the consequences of different choices given a set of assumptions and normative when it prescribes a certain route of action.
Much of economics assumes that individuals seek to maximize their happiness or utility: however, whether they rationally attempt to optimize their well-being given available information is asource of much debate.
Modern economic thought is usually considered to have begun with Adam Smith in the late 18th century, although earlier thinkers such as the Spanish Scholastics and the physiocrats made important contributions.
www.anoca.org /economic/price/economics.html   (4720 words)

  
 Read about Information economics at WorldVillage Encyclopedia. Research Information economics and learn about ...   (Site not responding. Last check: 2007-09-07)
Information asymmetries, the economics of information goods, and the economics of information technology.
Secondly, information has almost zero marginal cost, when means that once you have the first copy, it doesn't cost anything to make a second copy.
Joseph E. Stiglitz for their contributions to the theory of the economics of information.
encyclopedia.worldvillage.com /s/b/Information_economics   (607 words)

  
 Appendix D | The Digital Dilemma: Intellectual Property in the Information Age | Committee on Intellectual Property ...
The economics of information applies to any idea, expression of an idea, or fact that is known by one person and is potentially of value to another.
Combining an information product with some ancillary product (frequently another information product) and selling the two in combination--for instance, the news and entertainment content of media products is combined with advertising which, in turn, may pay for all or part of both first-copy and distribution costs.
Economically efficient production requires that everyone be allowed to buy the product who is willing to pay at least the social cost of providing his or her copy.
books.nap.edu /html/digital_dilemma/appD.html   (4036 words)

  
 Information economics -- Facts, Info, and Encyclopedia article   (Site not responding. Last check: 2007-09-07)
Information economics is a branch of (The branch of social science that deals with the production and distribution and consumption of goods and services and their management) Economics that studies how information affects economic decisions.
Information economics focuses on three areas: the study of (Click link for more info and facts about Information asymmetries) Information asymmetries, the economics of information goods, and the economics of information technology.
One method of taking advantage of information goods is (The act of shoving hastily) bundling.
www.absoluteastronomy.com /encyclopedia/i/in/information_economics.htm   (796 words)

  
 Information, by Joseph E. Stiglitz: The Concise Encyclopedia of Economics: Library of Economics and Liberty
Information economics has provided explanations for why unemployment may persist and for why fluctuations are so large.
If information about their workers' output were costless, employers would not pay such high wages because they could costlessly monitor output and pay accordingly.
But in traditional economic theory neither of these acts would make much difference: firms make zero profits at the margin, and workers are paid their opportunity cost (that is, the amount they could earn elsewhere).
www.econlib.org /library/Enc/Information.html   (2579 words)

  
 Internet Public Library: Economics
This site is a general information economics site with papers and lecture notes concerning the many practical issues that confront the information economy such as information bundling and pricing.
This site is a collection of information on economic issues of networks, such as the telephone and fax communications networks, the Internet, financial exchange and credit card networks, as well as on "virtual networks," such as the virtual network of all Windows or all Mac computers.
This site investigates the economic possibilities of the internet in the coming years in which billions of economically-motivated software agents find and process information and disseminate it to humans and, increasingly, to other agents.
www.ipl.org /div/subject/browse/bus28.00.00   (3793 words)

  
 Encyclopedia of Law and Economics: General Information
The reviews are relatively lengthy articles (on average nearly 10,000 words) in which the basic questions and items of discussion are explained, the literature is summarized, critical reflections on these publications and on the evolution of the discussion in general are developed, and perhaps suggestions for further research are made.
The fact that economic analysis of law is an interdisciplinary approach means that the specialized bibliographies in economics (like Econlit) or the specialized sources on law (like Lexis or Westlaw) give a very incomplete overview.
It is more correct from an economic viewpoint to consider it as a regulation of contracts between physicians and patients (therefore it is treated in the volume on the regulation of contracts and not in the general part on tort law).
encyclo.findlaw.com /general.html   (1016 words)

  
 Tutoring Information - Economics   (Site not responding. Last check: 2007-09-07)
Information on other campus tutoring services is also provided on the list.
Free tutoring is offered by ESA (Economics Student Association) members for Econ 101, 102 and 111 in 7218 Social Science on Tuesdays and Wednesdays from 5:00 to 6:30 pm.
The main goal of this tutoring program is to provide introductory economics students with a forum for learning economics from someone who was just recently in their shoes.
www.ssc.wisc.edu /econ/undergrad/bulletin/tutor.htm   (196 words)

  
 Geography of Information
The conference brought together academic officers, chief information officers and other administrators, economists, librarians, and computing professionals to examine issues related to the development of the knowledge infrastructure and their economic impact on higher education.
With the rise of the informational city, and the global economy, the creation and exchange of highly specialized information has become vital for a metropolitan center's success.
Aimed at developing economic data, research and analysis as the precursor for policy discussions, these six workshops concentrated on providing leading-edge research on the economics of the "information society", stressed quantitative and empirical aspects, and sought to identify and refine the analytical and statistical tools.
faculty.washington.edu /~krumme/207/infogeo.html   (3347 words)

  
 [No title]   (Site not responding. Last check: 2007-09-07)
An economic paper on the qualitative exploration of the economic consequences of the WWW and cost functions.
A theory of information distribution on the net to replace modern ideas of tangible property rights.
A home page on the economics of networks including research papers, abstracts, financial networks, electronic trading, bibliographies and links to other servers.
www.law.duke.edu /boylesite/ECON.HTM   (313 words)

  
 PEAK
The general result in the economics literature is that when it is possible to distinguish between different user or usage types, and when resale between parties or uses (arbitrage) is costly or preventable, then nonlinear pricing extracts more value than does uniform pricing.
For example, some research working papers archived by the Economics Working Papers Archive project embed references to other papers stored in the archive, making it possible to simply click on a reference and retrieve a copy.
MacKie-Mason is an Associate Professor of Economics and Information at the University of Michigan, Ann Arbor, Michigan, USA.
www-personal.umich.edu /~jmm/papers/peak-harvard97   (8135 words)

  
 Economics 755
Questions about the economics of information are not new, but most of the research we will read is quite recent.
Ann Arbor, Dept. of Economics, University of Michigan.
New Haven, CT, Dept. of Economics, Yale University.
www-personal.umich.edu /~jmm/courses/econ755/econ755-syll.html   (1908 words)

  
 Alessandro Acquisti-The Economics of Privacy-Resources on financial privacy,economics,anonymity
After a long silence, economic analysis focused again on privacy at a moment (roughly, the second half of the 1990s) when both privacy intrusions and technologies for privacy protection were dramatically expanding.
The Economics and Regulation of Financial Privacy - A Comparative Analysis of the United States and Europe, Working Paper, JFK Working Paper, no. 128, 2001.
Economic Barriers to the Deployment of Existing Privacy Technologies (Position Paper).
www.heinz.cmu.edu /~acquisti/economics-privacy.htm   (2423 words)

  
 Resources for Economics
Information is gathered from reports from Bank and Branch directors and interviews with key business contacts, economists, market experts, and other sources.
Provides over 1,300 links to Internet sources of international business and economic information that are in English and available free of charge.
WebEc is an effort to categorize free information in economics on the WWW.
www.library.vanderbilt.edu /central/econ.html   (2531 words)

  
 Economics Data and Information Links
Information about submitting and editorial policies are on the editorial home page.
Searchable database for researchers in economic education maintained by William Walstad at the National Center for Research in Economic Education at University of Nebraska-Lincoln.
The CTI Economics is one of 24 subject based centres working to encourage the use of learning technologies in UK higher education.
ecedweb.unomaha.edu /econinfo.htm   (3503 words)

  
 SI MSI Degree: Information Economics, Management and Policy
The Information Economics, Management and Policy (IEMP) specialization is a new leadership path for economics, math, business, computer science, engineering, and other majors.
This interdisciplinary course of study draws on principles of information science, economics, management, political science, public policy, organizational theory, psychology, ethics, and computer science to propose answers to the tough new questions confronting the networked society.
IEMP is one of four specializations within the Master of Science in Information program at the School of Information.
www.si.umich.edu /msi/iemp.htm   (396 words)

  
 Amazon.com: Information Rules: A Strategic Guide to the Network Economy: Books: Carl Shapiro,Hal R. Varian   (Site not responding. Last check: 2007-09-07)
Chapter 1 of Information Rules begins with a description of the change brought on by technology at the close of the century--but the century described is not this one, it's the late 1800s.
Information Rules: A Strategic Guide to the Network Economy by Carl Shapiro and Hal Varian takes a look at the emerging Internet economy, and argues compellingly that traditional economics still apply in evaluating the Yahoos of our generation.
The authors say that the circumstances of one era may be unique, but the underlying principles that govern the exchange of goods in a free-market economy are the same.
www.amazon.com /exec/obidos/tg/detail/-/087584863X?v=glance   (2483 words)

  
 The Internet Site for Economists   (Site not responding. Last check: 2007-09-07)
The Ruhr Graduate School in Economics (RGS Econ) awards a prize of 1.500 EUR for an outstanding research paper in a relevant field of modern economics.
Most of the Web pages indexed and catalogued are home pages of economists as well as information from economics departments, international organizations and research institutions.
RePEc (Research Papers in Economics) is a collaborative effort of over 100 volunteers in 30 countries to enhance the dissemination of research in economics.
www.inomics.com   (429 words)

  
 Economics Resources for College Teachers
If your students are using Internet sources of information in their work, they (and you) need to learn how to properly cite this material in their bibliographies.
Einet is a huge source for information on education, with topics such as curriculum and instruction, adult education, higher education, K12, history and philosophy, and much more.
The Educational Resources Information Center (ERIC) is a national information system, supported by the U.S. Department of Education, with large quantities of information on a host of educational issues and topics.
ecedweb.unomaha.edu /teach-ec.htm   (2955 words)

  
 Network Economics
An electronic-based refereed journal that publishes papers on the economics of network industries that have the primary purpose of reviewing, surveying, or providing a fresh perspective on existing literature.
The mission of the National Coordination Office (NCO) for Computing, Information, and Communications (CIC) is to support the Committee on Computing, Information, and Communications (CCIC), which reports to the National Science and Technology Council.
There is a fairly large literature on how markets and other economic institutions function in the presence of network externalities, but only a small fraction of that is online.
www.sims.berkeley.edu /resources/infoecon/Networks.html   (800 words)

  
 ECONOMICS Working Paper Archive   (Site not responding. Last check: 2007-09-07)
is devoted to the free distribution of working papers in economics.
There are 22 subject areas, along with a test posting area, a meetings area, an area for programs and an area for data.
EconWPA is affilated with RePEc -- Research Papers in Economics -- and submissions here are entered into that database.
rfe.wustl.edu   (230 words)

  
 Hubbard Decision Research - Home Page   (Site not responding. Last check: 2007-09-07)
HDR is the company founded by Douglas W. Hubbard, creator of "Applied Information Economics" (AIE).
These workshops are an overview of the Applied Information Economics methodology.
The association dues are economical and it focuses on practical services.
www.hubbardresearch.com   (439 words)

  
 Workshop on Economics and Information Security
For example, the person or company best placed to protect a system may be insufficiently motivated to do so, because the costs of system failure fall on others.
They are becoming increasingly important now that information security mechanisms are not merely used to protect against malicious attacks, but also to protect monopolies, differentiate products and segment markets.
For these and other reasons, the confluence between information security and economics is of growing importance.
www.cl.cam.ac.uk /users/rja14/econws.html   (383 words)

  
 Amazon.com: Information Economics: Linking Business Performance to Information Technology: Books: Marilyn M. ...   (Site not responding. Last check: 2007-09-07)
This volume extends economic theory -- i.e., cost-benefit concepts -- to the problems in strategic planning and enterprise-wide information management.
I was happy when I read Information Economic by Marilyn M. Parker.
I will be happy if I can discuss Information Economics with Mr.
www.amazon.com /exec/obidos/tg/detail/-/0134645952?v=glance   (574 words)

  
 Alta Plana: International Economics Gateway   (Site not responding. Last check: 2007-09-07)
This gateway page links to information on a number of domains relevant to international economics.
The earliest version of this page was constructued for the OECD while the author was a consultant there.
Links to corporate pages and data sources do not constitute an endorsement or certification of any software, data, or information.
altaplana.com /gate.html   (90 words)

  
 SOSIG: Economics Gateway
We aim to match resources to the economics curriculum and the needs of researchers.
Also see our prototype catalogue of economics educational materials (in association with the HE Academy Economics Network).
SOSIG Economics Editors are based at: SOSIG, ILRT, University of Bristol and The Library, Newcastle University
www.sosig.ac.uk /economics   (96 words)

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