The Elgar Companion to Information Economics

Daphne R. Raban, Julia Włodarczyk (Herausgeber)

Buch | Hardcover

578 Seiten

2024
Edward Elgar Publishing Ltd (Verlag)
978-1-80220-395-0 (ISBN)

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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.

Edited by Daphne R. Raban, 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

Contents:

Preface xiv

PART I INFORMATION ECONOMICS OVERVIEW
1 Information economics examined through scarcity and abundance 2
Daphne R. Raban and Julia Włodarczyk
2 Robust theory and fragile practice: information in a world of
disinformation
Part 1: Indirect communication 20
Joseph E. Stiglitz and Andrew Kosenko
3 Robust theory and fragile practice: information in a world of
disinformation
Part 2: Direct communication 53
Joseph E. Stiglitz and Andrew Kosenko
4 Information and income distribution: the perspective of information economics 81
Julia Włodarczyk

PART II INFORMATION ASYMMETRY
5 Asymmetric information as a market failure in retrospect 106
Wojciech Giza
6 A quadrennial review of the significance of information asymmetry in
economics and finance 118
Pedro A. Martín-Cervantes and María del Carmen Valls Martínez
7 Overcoming asymmetric information: a data-driven approach 135
Giuseppe Pernagallo
8 Asymmetric information in health economics: can contract regulation
improve equity and efficiency? 154
Pau Olivella
9 Consequences of information asymmetry in a syndication network: the
joint investments of the Israeli venture capital funds 170
Ilan Talmud

PART III INFORMATION TRANSMISSION AND INFLUENCE
10 Disclosure of conflicts of interest: theory and empirics 185
Ming Li and Ting Liu
11 Information and expertise 202
Filippo Pavesi, Massimo Scotti and Nicola Argelli
12 Informational influence and its forecasting in e-commerce 224
Avraham Noy and Shimon Schwartz

PART IV INNOVATION AND INTELLECTUAL PROPERTY
13 Digital innovation: an information-economic perspective 245
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 269
Wolfram Elsner
15 Intangibles, information goods, and intellectual property goods in
modern economics 298
Dominika Bochańczyk-Kupka
16 Incomplete contracts, intellectual property rights, and incentives:
investment in knowledge assets under alternative institutional configurations 312
Erkan Gürpinar and Eyüp Özveren

PART V PAYMENT, VALUE, CROWDFUNDING
17 Payment on information markets 336
Wolfgang G. Stock
18 Payment on information markets 361
Daphne R. Raban and Niv Ahituv
19 The role of influencer endorsements in users’ willingness to pay for
knowledge products: an empirical investigation 376
Xiaoyu Chen and Alton Y. K. Chua
20 Barriers to participation in cultural crowdfunding 392
Roei Davidson

PART VI CHALLENGES
21 The challenge of organizational bulk email systems: model and
empirical studies 404
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 433
Ewa Wanda Maruszewska and Maciej Andrzej Tuszkiewicz
23 On the status of machine learning inferences in data privacy economics
and regulation 459
David Bodoff
24 The digital world has a long shadow 478
Serghei Ohrimenco, Grigori Borta and Valeriu Cernei

PART VII FUTURE
25 The terms: the parameters of information economics 503
Sandra Braman

Index 532

Erscheinungsdatum	14.03.2024
Verlagsort	Cheltenham
Sprache	englisch
Maße	169 x 244 mm
Themenwelt	Wirtschaft ► Allgemeines / Lexika
	Wirtschaft ► Betriebswirtschaft / Management ► Unternehmensführung / Management
	Wirtschaft ► Volkswirtschaftslehre ► Mikroökonomie
ISBN-10	1-80220-395-8 / 1802203958
ISBN-13	978-1-80220-395-0 / 9781802203950
Zustand	Neuware