La economía de la información y la incertidumbre: el papel informativo de los precios y la formación de expectativas
Abstract
En el presente trabajo se plantea una reflexión sobre las líneas de desarrollo más importantes de la Economía de la Información y la Incertidumbre. Se plantean las ideas básicas que sustentan cada uno de estos cuerpos teóricos, así como cuáles han sido las extensiones más relevantes del enfoque. Se aborda, en diferentes apartados, los antecedentes y trabajos pioneros del análisis de la información, las relaciones entre la Economía de la Información, de la Incertidumbre y de la Búsqueda, la revisión del papel del sistema de precios como transmisor de información, y algunas implicaciones para el análisis de las expectativas This paper discusses the development of two outstanding parts of Economic Theory: The Economics of Information and the Economics of Uncertainty. Other important extentions on expectatives theory are studied. In different sections are presented the antecedents and the relations beween Information, Uncertaintly and Search Theory. The rol of the price system as an imperfect transmitter of information and the relation beween incomplete information and expectatives are considered in the last part of the paper.Download Info
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Bibliographic Info
Article provided by Estudios de Economía Aplicada in its journal Estudios de Economía Aplicada.
Volume (Year): 2 (1994)
Issue (Month): (Diciembre)
Pages: 53-70
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Related research
Keywords: Incertidumbre; información; expectativas;Find related papers by JEL classification:
- D80 - Microeconomics - - Information, Knowledge, and Uncertainty - - - General
References
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- Pratt, John W & Wise, David A & Zeckhauser, Richard, 1979. "Price Differences in Almost Competitive Markets," The Quarterly Journal of Economics, MIT Press, vol. 93(2), pages 189-211, May.
- Stiglitz, J E, 1979. "Equilibrium in Product Markets with Imperfect Information," American Economic Review, American Economic Association, vol. 69(2), pages 339-45, May.
- Stiglitz, Joseph E, 1985. "Information and Economic Analysis: A Perspective," Economic Journal, Royal Economic Society, vol. 95(380a), pages 21-41, Supplemen.
- Hanchen, Thomas & von Ungern-Sternberg, Thomas, 1985. "Information Costs, Intermediation and Equilibrium Price," Economica, London School of Economics and Political Science, vol. 52(208), pages 407-19, November.
- Diamond, Peter A., 1971. "A model of price adjustment," Journal of Economic Theory, Elsevier, vol. 3(2), pages 156-168, June.
- Hirshleifer, Jack, 1975. "Speculation and Equilibrium: Information, Risk, and Markets," The Quarterly Journal of Economics, MIT Press, vol. 89(4), pages 519-42, November.
- Hirshleifer, Jack, 1971. "The Private and Social Value of Information and the Reward to Inventive Activity," American Economic Review, American Economic Association, vol. 61(4), pages 561-74, September.
- Fisher, Franklin M., 1970. "Quasi-competitive price adjustment by individual firms: a preliminary paper," Journal of Economic Theory, Elsevier, vol. 2(2), pages 195-206, June.
- George J. Stigler, 1961. "The Economics of Information," Journal of Political Economy, University of Chicago Press, vol. 69, pages 213.
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