Challenges of the Information Economy: Asymmetry of Information in the Information Society

Elisabete Gomes Santana Félix ()
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Elisabete Gomes Santana Félix: Assistant Professor, University of Évora and CEFAGE-UÉ
Authors registered in the RePEc Author Service: Elisabete Gomes Santana Félix

CEFAGE-UE Working Papers from University of Evora, CEFAGE-UE (Portugal)

Abstract: This article analyses information asymmetry in conceptual terms. It presents one characterization of the asymmetric information concept, described more by a socio-economic vision of it and its relationship with the digital economy. It also frames asymmetry of information as a public good versus private good versus common good, and checks how it creates externalities.Finally, it identifies the challenges and potential policies that will mitigate the negative effects of information asymmetry.

JEL-codes: D82 D83 (search for similar items in EconPapers)
Pages: 24 pages
Date: 2012
New Economics Papers: this item is included in nep-cta and nep-ict
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Persistent link: https://EconPapers.repec.org/RePEc:cfe:wpcefa:2012_15

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