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The Economics of Information

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  • George J. Stigler

Abstract

The author systematically examines one of the important issues of information — establishing the market price. He introduces the concept of «search» — where a buyer wanting to get a better price, is forced to question sellers. The article deals with various aspects of finding the necessary information.
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Suggested Citation

  • George J. Stigler, 1961. "The Economics of Information," Journal of Political Economy, University of Chicago Press, vol. 69, pages 213-213.
  • Handle: RePEc:ucp:jpolec:v:69:y:1961:p:213
    DOI: 10.1086/258464
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