Information economics
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Information economics or the economics of information is a branch of microeconomic theory that studies how information and information systems affect an economy and economic decisions. Information has special characteristics: It is easy to create but hard to trust. It is easy to spread but hard to control. It influences many decisions. These special characteristics (as compared with other types of goods) complicate many standard economic theories.
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See also
- Adverse selection
- Contract theory
- Game theory
- Indigo Era (economics)
- Information economy
- Moral hazard
- Product bundling
- Screening
- Signaling
- Single crossing condition
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