LIS Links Becoming More Social

LIS Links Mailing List (Broadcast Message)

Birthdays

Birthdays Today

Latest Activity

Satbir Chauhan updated an event
Thumbnail

ETD - 2026 : 29th International Symposium of Electronic Theses and Dissertations (ETDs) at IIT Delhi

October 23, 2026 at 9am to October 25, 2026 at 6pm
2 hours ago
0 Comments
Dr. Bebi updated their profile
yesterday
Santosh Kumar Kori updated their profile
yesterday
DHARITRI DEORI and Ramakrishnan are now friends
yesterday
Dr. Anil Kumar Jharotia shared their photo on Facebook
Thumbnail

Best Paper Presentation Award On KOAL 2013 Conference by Prof. Raina, IIM, Lucknow

Wednesday
Rajesh Meshram updated their profile
Wednesday
Ramakrishnan updated their profile
Wednesday
ANKITA GUPTA and PRASANNA R are now friends
Monday
Debabrat Senapati updated their profile
Sunday
Anasua Ghosh joined Dr. Badan Barman's group
Thumbnail

Circular in Library and Information Science

Sunday
6 Comments
Barsa Patnaik updated their profile
Sunday
ajit kumar updated their profile
Saturday
OSS Prasad updated their profile
Saturday
Profile IconPrem prakash Shukla, Sunitkumar, Shivam Tanwar and 25 more joined LIS Links
Aug 13
melvin jebaraj posted an event

Faculty Development Programme on Generative AI for Teaching, Research, and Academic Excellence at Coimbatore

August 11, 2026 to August 20, 2026
Aug 13
0 Comments
Puneet Kumar posted a blog post

Data Entry Operator at Regional Ayurveda Research Institute, Trivandrum, Kerala

Aug 13
0 Comments
Dr. Badan Barman and THAKKAR VIVEK RAJESHKUMAR are now friends
Aug 13
Mr.Vipul Kumar updated their profile
Aug 13
Mr.Vipul Kumar replied to Dr. Badan Barman's discussion Circular from Gujarat Government-Page-1 in the group Circular in Library and Information Science
Aug 13
Mr.Vipul Kumar joined Dr. Badan Barman's group
Thumbnail

Circular in Library and Information Science

Aug 13
6 Comments

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: 617

▶ Reply to This

Replies to This Forum

Permalink Reply by Deepak Sharma on December 22, 2011 at 3:57

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 December 22, 2011 at 18:15

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 December 26, 2011 at 22:36

Thanks Deepak and Kapil ji for your reply.

RSS

© 2026   Created by Dr. Badan Barman.   Powered by

Badges  |  Report an Issue  |  Terms of Service

LIS Links whatsApp