Challenges of the Information Economy: Asymmetry of Information in the Information Society
AbstractThis article analyses information asymmetry in conceptual terms. It presents one characterization of the asymmetric information concept, described more by a socio-economic vision of it and its relationship with the digital economy. It also frames asymmetry of information as a public good versus private good versus common good, and checks how it creates externalities. Finally, it identifies the challenges and potential policies that will mitigate the negative effects of information asymmetry.
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Bibliographic InfoPaper provided by University of Evora, CEFAGE-UE (Portugal) in its series CEFAGE-UE Working Papers with number 2012_15.
Length: 24 pages
Date of creation: 2012
Date of revision:
Information; Information Asymmetry; Digital Economy; Information Society.;
Find related papers by JEL classification:
- D82 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Asymmetric and Private Information; Mechanism Design
- D83 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Search, Learning, and Information
This paper has been announced in the following NEP Reports:
- NEP-ALL-2012-08-23 (All new papers)
- NEP-CTA-2012-08-23 (Contract Theory & Applications)
- NEP-ICT-2012-08-23 (Information & Communication Technologies)
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