LIS Links
First and Largest Academic Social Network of LIS Professionals in India
LIS Links Becoming More Social
Birthdays
Latest Activity
National Level Workshop on “Smart Publishing in the Digital Age: Strategies for Journal Publishing and Academic Profile Management” (Hybrid Mode) on 15th November 2025 at Hybrid Mode
Request to Participate in Research Study on AI Adoption in LIS at India
ICSSSM 2025: First International Conference on Smart Systems and Social Management at The Assam Royal Global University, Guwahati
22nd MANLIBNET Convention and International Conference on Marching Beyond the Libraries: Talent, Technology, and Transformation (ICMBL) at KIIT Deemed to be University, Bhubaneswar, Odisha
One Nation One Subscription for Research Excellence at Government Degree College, Mulugu,
International Conference on Transforming Libraries for Viksit Bharat 2047: Advancing Digital Innovation Services in Higher Education, Public and Community Libraries at Swami Vivekananda Subharti Univversity Meerut
What is Information Economics and Economics of Information
can anybody help me to define these two terms and the difference between them, I would be greatful
Views: 531
Replies to This Forum
-
Permalink Reply by Deepak Sharma on
-
Information economics or the economics of information is a branch of microeconomic theory that studies how information affects an economy and economic decisions. Information has special characteristics. It is easy to create but hard to trust. It is easy to spread but hard to control. It influences many decisions. These special characteristics (as compared with other types of goods) complicate many standard economic theories
-
Permalink Reply by Kapil Agrawal on
-
Information economics
Information economics or the economics of information is a branch of microeconomic theory that studies how information affects an economy and economic decisions. Information has special characteristics. It is easy to create but hard to trust. It is easy to spread but hard to control. It influences many decisions. These special characteristics (as compared with other types of goods) complicate many standard economic theories.[1]
Information economicsThe subject of "information economics" is treated under Journal of Economic Literature classification code JEL D8 - Information, Knowledge, and Uncertainty. The present article reflects topics included in that code. There are several subfields of information economics. Information as signal has been described as kind of negative measure of uncertainty[2] It includes complete and scientific knowledge as special cases. The first insights in information economics related to the economics of information goods.
In recent decades, there have been influential advances in the study of information asymmetries[3] and their implications for contract theory, including market failure as a possibility
-
Permalink Reply by Deepali Malik on
-
Thanks Deepak and Kapil ji for your reply.
© 2025 Created by Dr. Badan Barman.
Powered by
