Economics of Information

George Stigler

Ekonomicheskaya Politika / Economic Policy, 2011, vol. 5, 35—49

Abstract: The author systematically examines one of the important issues of information — establishing the market price. He introduces the concept of «search» — where a buyer wanting to get a better price, is forced to question sellers. The article deals with various aspects of finding the necessary information.

Keywords: information; market price; search (search for similar items in EconPapers)
Date: 2011
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Citations: View citations in EconPapers (4)

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Related works:
Journal Article: The Economics of Information (1961)
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Persistent link: https://EconPapers.repec.org/RePEc:rnp:ecopol:11517

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