Information economics: Information economics studies how information is valued, distributed, and impacts decision-making within economic systems. It delves into how asymmetry in information between parties affects markets, prices, and outcomes. See also Information, Asymmetry, Economics, Economy, Decision-making processes._____________Annotation: The above characterizations of concepts are neither definitions nor exhausting presentations of problems related to them. Instead, they are intended to give a short introduction to the contributions below. – Lexicon of Arguments. |