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The Economics of Information

Vol.1. The International Library of Critical Writings in Economics Series v. 53

Format: Hardback
Publisher: Edward Elgar Publishing Ltd, Cheltenham, United Kingdom
Published: 1st Jan 1995
Dimensions: w 169mm h 244mm d 20mm
Weight: 1950g
ISBN-10: 185278511X
ISBN-13: 9781852785116
Barcode No: 9781852785116
The economic landscape of today recognizes a diverse array of private information including information about product and resource quality, technological opportunities, effort levels, productivity and individual preferences. The literature on information is closely tied to that on uncertainty, for without uncertainty there can be no new information with strategic value. This reference collection, in two volumes, traces the origins of the subject as it developed in the 1960s, expanded in the 1970s using the search framework and then exploded in the 1980s with the use of game theory. The economics of information is now an important part of all sub-divisions of economic science.

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