The Elgar Companion to Information Economics 1st Edition by Daphne Raban, Julia Włodarczyk ISBN 1802203958 978-1802203950

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Product details: 

ISBN 10: 1802203958

ISBN 13:  978-1802203950

Author: Daphne R. Raban,  Julia Włodarczyk

The Elgar Companion to Information Economics dexterously navigates this interdisciplinary field of research which celebrates the crucial contribution of information to decision making, market dynamics, and economic well-being. Offering a wealth of conceptual analysis, this erudite Companion embarks on an intellectual journey exploring how the fundamentals of information economics explain rapid developments in the information landscape.

Featuring contributions from acclaimed international scholars, chapters expertly analyse the role of information for economic processes. From asymmetric information to AI and digital influencers, they examine the latest developments in research and the practical problems raised by recent innovative technologies while discussing important policy implications. Major themes such as information and disinformation, inequality, information asymmetry, innovation, informational influence, payment and value are examined, and special focus is given to the contrast between scarcity and abundance of information. A number of pressing issues in the processing of information are also identified.

This authoritative Companion will serve as a fundamental resource for policymakers, economists, sociologists, information scientists, communication scholars, and political scientists. Postgraduate students and academic researchers interested in the economics of innovation, industrial economics, technology and ICT will similarly benefit from this Companion.

Table of contents: 

1 Information in a World
2 The Perspective of Information
3 Asymmetric Information as a Market Failure in Retrospect
4 A Quadrennial Review of the Significance of Information Asymmetry
5 A Data-Driven Approach
6 Can Contract Regulation
7 Theory and Empirics
8 Information and Expertise
9 Intangibles, Information Goods, and Intellectual Property Goods
10 Payment on Information Markets
11 Assessing the Perceived Value of Information in an Information Economy
12 The Role of Influencer Endorsements in Users’ Willingness to Pay
13 Barriers to Participation in Cultural Crowdfunding
14 The Effect of Supervisors’ Control and Workload on AIS Users
15 On the Status of Machine Learning Inferences in Data Privacy Economics
16 The Digital World Has a Long Shadow
17 Informational Influence and Its Forecasting in E-Commerce
18 An Information-Economic Perspective
19 Smooth and Ongoing Change or Turbulence
20 The Parameters of Information Economics

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