Traditionally, the field known as the “Economics of Information” has mainly been focused on how market prices happen (in the “supply and demand” scheme of things). I do not aim to discount the very significant work that has been done here in the last half century (give or take a decade or two). Yet I… Continue reading Economics of Information 2.0: Advertising
Tag: glitch
A New Kind of Market Failure?
“Market Failure” is commonly thought of as something that goes wrong with the way normal (“free”) markets work. There are actually a lot of assumptions made about how such markets work normally, and many of these are so illusory that it seems amazing anyone would ever pay any attention to what any economist says —… Continue reading A New Kind of Market Failure?
Socio Business blog 