Kennet Arrow1
  • 1 Stanford University, 450 Jane Stanford Way Stanford, CA 94305–2004

Information as an Economic Commodity

2012. Vol. 16. No. 2. P. 161–171 [issue contents]
The role of information as a commodity in economic system is studied. It is shown that the information can influence the economic models consequences as well as the behavior of economic agents. The role of information on the markets is studied, in particular, the influence of information on the crises. The problems of information acquisition are considered and mechanisms of economic decision making under asymmetry of information are discussed.
Citation: Arrow K. (2012) Informatsiya kak tovar [Information as an Economic Commodity ]. Ekonomicheskiy zhurnal VShE, vol. 16, no 2, pp. 161-171 (in Russian)
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