Private Versus Public Production of Information
This paper re-examines a recent article by Grossman and Stiglitz (1980) where information production is shown to be fundamentally incompatible with decentralized market systems. Based upon their model, public production of information is discussed as a natural alternative. Three main implications of...
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| Main Author: | |
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| Format: | text |
| Language: | English |
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Institutional Knowledge at Singapore Management University
1982
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| Subjects: | |
| Online Access: | https://ink.library.smu.edu.sg/soa_research/734 http://dx.doi.org/10.1016/0167-2681(82)90009-9 |
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| Institution: | Singapore Management University |
| Language: | English |