ICAL 2026: International Conference on Asian Libraries on Evolving Information Landscape: Making Libraries Future-Ready at IIM, Kashipur, Uttarakhand
April 16, 2026 at 9am to April 18, 2026 at 5pm
LIS Links
First and Largest Academic Social Network of LIS Professionals in India
LIS Links Becoming More Social
Birthdays
Latest Activity
Webinar on AI for Libraries at https://meet.google.com/fey-fjee-mdr
December 12, 2025 from 12pm to 2pm
Two Day National Seminar on Empowering Research Excellence: AI Tools for Academic Writing and Publishing at Mulugu
February 10, 2026 at 9pm to February 11, 2026 at 5pm
International Conference on Transforming Libraries: Innovation, Management, Smart Technologies and Creative Knowledge of Society for the Future at Hybrid Mode (Offline and Online)
December 12, 2025 at 9am to December 13, 2025 at 6pm
International Conference on Transforming Libraries: Innovation, Management, Smart Technologies and Creative Knowledge of Society for the Future at Hybrid Mode (Offline and Online)
December 12, 2025 at 9am to December 13, 2025 at 6pm
Two-Days National Conference on Research Libraries: A Source to Adapt to Digital Form Using the Indian Knowledge Systems (IKS) in Promoting Social Science Research (NIKS-DR 2026) at Himachal Pradesh - Baddi , Soalan
February 27, 2026 to February 28, 2026
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: 541
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
