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Distribution and Use of Knowledge under the “Laws of the Web”

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Author Info
Falkinger, Josef

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Abstract

Empirical evidence shows that the perception of information is strongly concentrated in those environments in which a mass of producers and users of knowledge interact through a distribution medium. This paper considers the consequences of this fact for economic equilibrium analysis. In particular, it examines how the ranking schemes applied by the distribution technology affect the use of knowledge, and it then describes the characteristics of an optimal ranking scheme. The analysis is carried out using a model in which agents’ productivity is based on the stock of knowledge used. The value of a piece of information is assessed in terms of its contribution to productivity.

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File URL: http://www.cesifo.de/DocCIDL/cesifo1_wp2154.pdf
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Publisher Info
Paper provided by CESifo Group Munich in its series CESifo Working Paper Series with number CESifo Working Paper No. 2154.

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Date of creation: 2007
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Handle: RePEc:ces:ceswps:_2154

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Related research
Keywords: global rankings; information and internet services; limited attention; diversity; knowledge society;

References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:

  1. Arjo Klamer & Hendrik P. van Dalen, 2001. "Attention and the Art of Scientific Publishing," Tinbergen Institute Discussion Papers 01-022/1, Tinbergen Institute. [Downloadable!]
    Other versions:
  2. Falkinger, Josef, 2007. "Attention economies," Journal of Economic Theory, Elsevier, vol. 133(1), pages 266-294, March. [Downloadable!] (restricted)
    Other versions:
  3. DREZE, Jacques & ESTEVAN, Fernanda, 2006. "Research and higher education in economics: can we deliver the Lisbon objectives ?," CORE Discussion Papers 2006051, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE). [Downloadable!]
  4. Xavier Gabaix & David Laibson & Guillermo Moloche & Stephen Weinberg, 2006. "Costly Information Acquisition: Experimental Analysis of a Boundedly Rational Model," American Economic Review, American Economic Association, vol. 96(4), pages 1043-1068, September. [Downloadable!]
  5. Sims, Christopher A., 2003. "Implications of rational inattention," Journal of Monetary Economics, Elsevier, vol. 50(3), pages 665-690, April. [Downloadable!] (restricted)
  6. Josef Falkinger, 2005. "Limited Attention as the Scarce Resource in an Information-Rich Economy," IZA Discussion Papers 1538, Institute for the Study of Labor (IZA). [Downloadable!]
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This page was last updated on 2009-12-14.

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