The Elgar companion to information economics / edited by Daphne R. Raban, Associate Professor of Business Administration, School of Business Administration, University of Haifa, Israel and Julia Włodarczyk, Associate Professor of Economics, Department of Economics, University of Economics in Katowice, Poland.

Format:

Book

Contributor:

Raban, Daphne R., editor.

Włodarczyk, Julia, editor.

Edward Elgar Publishing, publisher.

Language:

English

Subjects (All):

Knowledge economy.

Economics--Decision making.

Economics.

Genre:

Electronic books.

Physical Description:

1 online resource (578 pages)

Place of Publication:

Northampton : Edward Elgar Publishing, 2024.

Summary:

"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"-- Provided by publisher.

Contents:

Contents: Preface

Part I. Information economics overview

1. Information economics examined through scarcity and abundance / Daphne R. Raban and Julia Włodarczyk

2. Robust theory and fragile practice: Information in a world of disinformation

Part 1: Indirect communication / Joseph E. Stiglitz and Andrew Kosenko

3. Robust theory and fragile practice: Information in a world of disinformation

Part 2: Direct communication / Joseph E. Stiglitz and Andrew Kosenko

4. Information and income distribution: The perspective of information economics / Julia Włodarczyk

Part II. Information asymmetry

5. Asymmetric information as a market failure in retrospect / Wojciech Giza

6. A quadrennial review of the significance of information asymmetry in economics and finance / Pedro A. Martín-Cervantes and María del Carmen Valls Martínez

7. Overcoming asymmetric information: A data-driven approach / Giuseppe Pernagallo

8. Asymmetric information in health economics: Can contract regulation improve equity and efficiency? / Pau Olivella

9. Consequences of information asymmetry in a syndication network: The joint investments of the Israeli venture capital funds / Ilan Talmud

Part III. Information transmission and influence

10. Disclosure of conflicts of interest: Theory and empirics / Ming Li and Ting Liu

11. Information and expertise / Filippo Pavesi, Massimo Scotti and Nicola Argelli

12. Informational influence and its forecasting in e-commerce / Avraham Noy and Shimon Schwartz

Part IV. Innovation and intellectual property

13. Digital innovation: An information-economic perspective / Johannes M. Bauer and Tiago S. Prado

14. Innovation and information: Smooth and ongoing change, or turbulence and cognitive over-stress? On the complex deep structure of innovation / Wolfram Elsner

15. Intangibles, information goods, and intellectual property goods in modern economics / Dominika Bochańczyk-Kupka

16. Incomplete contracts, intellectual property rights, and incentives: Investment in knowledge assets under alternative institutional configurations / Erkan Gürpinar and Eyüp Özveren

Part V. Payment, value, crowdfunding

17. Payment on information markets / Wolfgang G. Stock

18. Payment on information markets / Daphne R. Raban and Niv Ahituv

19. The role of influencer endorsements in users' willingness to pay for knowledge products: An empirical investigation / Xiaoyu Chen and Alton Y. K. Chua

20. Barriers to participation in cultural crowdfunding / Roei Davidson

Part VI. Challenges

21. The challenge of organizational bulk email systems: Model and empirical studies / Ruoyan Kong and Joseph A. Konstan

22. The effect of supervisor's control and workload on ais users' perceived usefulness and approach to misuse an automated system output: The moderating role of experience of ais practitioners / Ewa Wanda Maruszewska and Maciej Andrzej Tuszkiewicz

23. On the status of machine learning inferences in data privacy economics and regulation / David Bodoff

24. The digital world has a long shadow / Serghei Ohrimenco, Grigori Borta and Valeriu Cernei

Part VII. Future

25. The terms: The parameters of information economics / Sandra Braman

Index.

Notes:

Includes bibliographical references and index.

ISBN:

9781802203967 (e-book)

Access Restriction:

Restricted for use by site license.