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

Paulo R. Silva () and Elisabete Félix
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Paulo R. Silva: University of Évora, Department of Management and CEGI-ISEGI-Univ. Nova de Lisboa

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.

Keywords: Information; Information Asymmetry; Digital Economy; Information Society. (search for similar items in EconPapers)
JEL-codes: D82 D83 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-cta and nep-ict
Date: 2012
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