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Library Trainee - Indian Institute of Technology Dharwad

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Re:

 

Dear All..

                I want to know that...........

 

   What is Information Economics & Economics of Information? and what is the difference        between them?

 

If anyone have some article related to this topic please send me?

 

My Email Id: m2mpandey@gmail.com

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Permalink Reply by Dr. N K Pachauri on April 21, 2011 at 19:11

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.

 

 

 

so both the term are the same.

Permalink Reply by Dr. N K Pachauri on April 21, 2011 at 19:13
Permalink Reply by SADAF SIDDIQUI on April 21, 2011 at 20:15

information economics  information as a resource of information in it's own right and examine it role in all economic activities like production,growth and development.

 

economics of information  is the products planning and management of households in the development of resources so as to avoid unnecessary waste or expenditure....

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