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Economics of Information

Author

Listed:
  • Stigler, George J.

    (University of Chicago)

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.

Suggested Citation

  • Stigler, George J., 2011. "Economics of Information," Ekonomicheskaya Politika / Economic Policy, Russian Presidential Academy of National Economy and Public Administration, vol. 5, pages 35-49.
    • Handle: RePEc:rnp:ecopol:11517
    as

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