Information Asymmetries And The Creation Of Economic Value

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Information Asymmetries and the Creation of Economic Value

Author : J. A. Roels
Publisher : IOS Press
ISBN 13 : 1607504782
Total Pages : 184 pages
Book Rating : 4.6/5 (75 download)

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Book Synopsis Information Asymmetries and the Creation of Economic Value by : J. A. Roels

Download or read book Information Asymmetries and the Creation of Economic Value written by J. A. Roels and published by IOS Press. This book was released on 2010 with total page 184 pages. Available in PDF, EPUB and Kindle. Book excerpt: What do Darwin s theory of evolution and the second law of thermodynamics contribute to our understanding of the world in which we live? More than you think: the combination of both produces what is called a general systems theory of evolution. The second law of thermodynamics has been popularly formulated as: Systems that are left alone develop in a direction of increasing disorder . While buildings that are left alone develop into ruins, the reverse process requires the input of solid and skilled labor. On the other hand, evolution clearly proceeds in the direction of increased complexity. Ordered systems, such as human kind, evolved apparently spontaneously out of an initially unordered state. Information Asymmetries and the Creation of Economic Value has the challenging ambition of investigating the relationship between the former theories and the storage, processing and transfer of information to grasp the dynamics of economies, markets and industries, adding a practical side to the pure theory. This book develops a conceptually and mathematically consistent framework for existing concepts used in organizational economics. And it does so in a way accessible to readers that are not familiar with modeling approaches, overcoming the lack of consistency and accessibility that is common in econophysics and complementing, thus, existing approaches in the literature. An essential read for those that finally want to be able to understand and use evolutionary approaches to organizations, whether they are familiar with the subject or not. IOS Press is an international science, technical and medical publisher of high-quality books for academics, scientists, and professionals in all fields. Some of the areas we publish in: -Biomedicine -Oncology -Artificial intelligence -Databases and information systems -Maritime engineering -Nanotechnology -Geoengineering -All aspects of physics -E-governance -E-commerce -The knowledge economy -Urban studies -Arms control -Understanding and responding to terrorism -Medical informatics -Computer Sciences

The Origin and the Evolution of Firms

Author : J.A. Roels
Publisher : IOS Press
ISBN 13 : 1607509571
Total Pages : 232 pages
Book Rating : 4.6/5 (75 download)

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Book Synopsis The Origin and the Evolution of Firms by : J.A. Roels

Download or read book The Origin and the Evolution of Firms written by J.A. Roels and published by IOS Press. This book was released on 2012-03 with total page 232 pages. Available in PDF, EPUB and Kindle. Book excerpt: The firms and markets of today's complex socio-economic system developed in a spontaneous process termed evolution, in just the same way as the universe, the solar system, the Earth and all that lives upon it. Darwin's theory of evolution clearly demonstrated that evolution involved increasing organization. As we began to explore the molecular basis of life and its evolution, it became equally clear that it depended on the processing and communication of information. This book develops a consistent theory of evolution in its wider sense, examining the information based laws and forces that drive it. Exploring subjects as diverse as economics and the theories of thermodynamics, the author revisits the paradox of the apparent conflict between the laws of thermodynamics and evolution to arrive at a systems theory, tracing a continuous line of evolving information sets that connect the Big-Bang to the firms and markets of our current socio-economic system.

Encyclopedia of Creativity, Invention, Innovation and Entrepreneurship

Author :
Publisher : Springer
ISBN 13 : 9783319153469
Total Pages : 2500 pages
Book Rating : 4.1/5 (534 download)

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Book Synopsis Encyclopedia of Creativity, Invention, Innovation and Entrepreneurship by :

Download or read book Encyclopedia of Creativity, Invention, Innovation and Entrepreneurship written by and published by Springer. This book was released on 2020-07-30 with total page 2500 pages. Available in PDF, EPUB and Kindle. Book excerpt: The second edition of this exhaustive work (ECIIE) comprehensively covers the broad spectrum of topics relating to the process of creativity and innovation, from a wide variety of perspectives (e.g., economics, management, psychology, anthropology, policy, technology, education, the arts) and modes (individual, organization, industry, nation, region). This edition includes some 400 topical entries, definitions of key terms and concepts and review essays, from a global array of more than 250 researchers, business executives, policymakers, and artists, illuminating the many facets of creativity and innovation and highlighting their relationships to such universal concepts as knowledge management, economic opportunity, and sustainability. Entries feature description of key concepts and definition of terms, full-color illustrations, case examples, future directions for research and application, synonyms and cross-references and bibliographic references.

Financial Markets, Asymmetric Information, and Macroeconomic Equilibrium

Author : Fabrizio Mattesini
Publisher : Dartmouth Publishing Company
ISBN 13 :
Total Pages : 208 pages
Book Rating : 4.3/5 (91 download)

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Book Synopsis Financial Markets, Asymmetric Information, and Macroeconomic Equilibrium by : Fabrizio Mattesini

Download or read book Financial Markets, Asymmetric Information, and Macroeconomic Equilibrium written by Fabrizio Mattesini and published by Dartmouth Publishing Company. This book was released on 1993 with total page 208 pages. Available in PDF, EPUB and Kindle. Book excerpt: The study of the interaction between the financial sector and the sector of the economy is one of the most recent advances in macroeconomic theory. While mainstream economics assigns a passive role to the financial sector there is a growing body of literature which emphasizes the importance of financial intermediaries in explaining fluctuations and the determination of the process through which monetary policy impulses are transmitted to the rest of the economy. This literature has its origin in the models that rely on asymmetric information to explain imperfections in financial markts and in empirical evidence collected through various econometric techniques and through historical studies. This book surveys the relevant work ion the subject, evaluates the empirical evidence and the explanatory power of the theories proposed and furnishes new and empirical results.

The Economics of Asymmetric Information

Author : B. Hillier
Publisher : Bloomsbury Publishing
ISBN 13 : 1349254851
Total Pages : 199 pages
Book Rating : 4.3/5 (492 download)

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Book Synopsis The Economics of Asymmetric Information by : B. Hillier

Download or read book The Economics of Asymmetric Information written by B. Hillier and published by Bloomsbury Publishing. This book was released on 1997-04-07 with total page 199 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book presents recent developments in the economics of asymmetric information. The problems of selection and moral hazard, with hidden actions or hidden information, are introduced by examining how they affect the market for investment finance. The ideas are then used to analyse the market for insurance, signalling and screening models of education, efficiency wages, industrial regulation, public procurement and auctions. Coverage is thorough while avoiding excessive mathematical detail. Diagrams and verbal reasoning make the ideas accessible to intermediate level undergraduate students and beyond.

Public Decision-Making Processes and Asymmetry of Information

Author : Massimo Marrelli
Publisher : Springer Science & Business Media
ISBN 13 : 1461515831
Total Pages : 206 pages
Book Rating : 4.4/5 (615 download)

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Book Synopsis Public Decision-Making Processes and Asymmetry of Information by : Massimo Marrelli

Download or read book Public Decision-Making Processes and Asymmetry of Information written by Massimo Marrelli and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 206 pages. Available in PDF, EPUB and Kindle. Book excerpt: The problems arising from the existence of asymmetric information in public decision making have been widely explored by economists. Most of the traditional analysis of public sector activities has been reviewed to take accountofthe possible distortions arising from an asymmetric distribution of relevant information among the actors of the public decision-making process. A normative approach has been developed to design incentive schemes which tackle adverse selection and moral hazard problems within public organisations: our understanding of these problems is now much better, and some of the mechanisms designed have had important practical implications. While this analysis is still under way in many fields of public economics, as the papers by Jones and Zanola, and Trimarchi witness, a debate is ongoing on the possible theoretical limitations ofthis approach and on its actual relevance for public sector activities. This book encompasses different contributions to these issues, on both theoretical and practical areas, which were firstly presented at a conference in Catania. The innermost problem in the current discussion arises from the fact that this normative analysis is firmly rooted in the complete contracting framework, with the consequence that, despite the analytical complexities of most models, their results rely on very simplified assumptions. Most complexities of the organisation of public sector, and more generally, of writing "contracts", are therefore swept away.

The Economic Value of Information

Author : David B. Lawrence
Publisher : Springer Science & Business Media
ISBN 13 : 1461214602
Total Pages : 405 pages
Book Rating : 4.4/5 (612 download)

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Book Synopsis The Economic Value of Information by : David B. Lawrence

Download or read book The Economic Value of Information written by David B. Lawrence and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 405 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Scope of This Book Popular culture often refers to current times as the Information Age, classifying many of the technological, economic, and social changes of the past four deca:les under the rubric of the Information Revolution. But similar to the Iron Age be fore it, the description "Information Age" suggests the idea that information is a commodity in the marketplace, one that can be bought and sold as an item of value. When people seek to acquire information yet complain about information overload, and when organizations invest millions in information systems yet are unable to pinpoint the benefits, perhaps this reflects a difficulty with the as sessment of the value of this commodity relative to its cost, an inability to dis cern the useless from the useful from the wasteful. The Information Age requires us to assess the value, cost, and gain from information, and to do it from several different viewpoints. At the most elementary level is the individual who perceives a need for in formation-her current state of knowledge is insufficient and something needs to be understood, or clarified, or updated, or forecast. There is a universe of al ternative information sources from which to choose, some more informative than others, some more costly than others. The individual's problem is to evalu ate the alternatives and choose which sources to access. An organization comprising many information-seeking employees and agents must take a somewhat broader viewpoint.

Information Economics

Author : Urs Birchler
Publisher : Routledge
ISBN 13 : 1134190573
Total Pages : 467 pages
Book Rating : 4.1/5 (341 download)

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Book Synopsis Information Economics by : Urs Birchler

Download or read book Information Economics written by Urs Birchler and published by Routledge. This book was released on 1999-06-23 with total page 467 pages. Available in PDF, EPUB and Kindle. Book excerpt: This new text book by Urs Birchler and Monika Butler is an introduction to the study of how information affects economic relations. The authors provide a narrative treatment of the more formal concepts of Information Economics, using easy to understand and lively illustrations from film and literature and nutshell examples. The book first covers the economics of information in a 'man versus nature' context, explaining basic concepts like rational updating or the value of information. Then in a 'man versus man' setting, Birchler and Butler describe strategic issues in the use of information: the make-buy-or-copy decision, the working and failure of markets and the important role of outguessing each other in a macroeconomic context. It closes with a 'man versus himself' perspective, focusing on information management within the individual. This book also comes with a supporting website (www.alicebob.info), maintained by the authors.

Ethics for Capitalists

Author : Joseph Heath
Publisher : FriesenPress
ISBN 13 : 1039173985
Total Pages : 272 pages
Book Rating : 4.0/5 (391 download)

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Book Synopsis Ethics for Capitalists by : Joseph Heath

Download or read book Ethics for Capitalists written by Joseph Heath and published by FriesenPress. This book was released on 2023-03-17 with total page 272 pages. Available in PDF, EPUB and Kindle. Book excerpt: Ethics for Capitalists offers a powerful new statement of the Market Failures Approach to business ethics. While the competitive context of the market economy provides economic actors greater freedom to pursue their interests, it also imposes moral constraints on the range of strategies they may employ. The pursuit of profit must be consistent with the overall objective of market institutions, which is to promote efficiency in the production and allocation of goods and services. Ethics for Capitalists draws out the implications of this view for business strategy, corporate governance, managerial authority, and shareholder primacy. The result is a philosophically rigorous, comprehensive approach to business ethics that will be foundational for all future reflection in the field.

Sustainable Business Models

Author : Lars Moratis
Publisher : Springer
ISBN 13 : 9783319735023
Total Pages : 423 pages
Book Rating : 4.7/5 (35 download)

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Book Synopsis Sustainable Business Models by : Lars Moratis

Download or read book Sustainable Business Models written by Lars Moratis and published by Springer. This book was released on 2018-07-10 with total page 423 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book provides a rich overview and takes a closer look at the current state of theory and practice in the field of sustainable business models. The chapters in this book examine and analyze existing and new approaches towards sustainable business models and showcase the implementation of sustainable business through both quantitative and qualitative studies, including several case studies and many practical examples. It approaches these issues from the standpoints of diverse business disciplines to yield new insights and ideas that are relevant from both an academic and professional perspective. In its essence, the book examines how firms’ value creation processes can be driven by sustainability and social responsibility and how this impacts business and society. Readers will find a range of sustainable business models that have been employed and are being pioneered in various industries around the globe – which are thoroughly investigated and discussed, and put into a comprehensive conceptual framework.

Are We Rich Yet?

Author : Amy Edwards
Publisher : Univ of California Press
ISBN 13 : 0520385462
Total Pages : 383 pages
Book Rating : 4.5/5 (23 download)

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Book Synopsis Are We Rich Yet? by : Amy Edwards

Download or read book Are We Rich Yet? written by Amy Edwards and published by Univ of California Press. This book was released on 2022-06-14 with total page 383 pages. Available in PDF, EPUB and Kindle. Book excerpt: 'A wonderful growth' : investment culture from 1840 to 1980 -- Over the counter : speculation and the small investor -- Shopping for shares: The rise of financial consumerism -- 'The moneymen's Sunday sermon': the making of a mass-market financial advice industry -- Yuppies : finance and investment in popular culture -- Are we rich yet? : investment clubs and investor activism.

The Economics and Implications of Data

Author : Mr.Yan Carriere-Swallow
Publisher : International Monetary Fund
ISBN 13 : 1513511432
Total Pages : 50 pages
Book Rating : 4.5/5 (135 download)

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Book Synopsis The Economics and Implications of Data by : Mr.Yan Carriere-Swallow

Download or read book The Economics and Implications of Data written by Mr.Yan Carriere-Swallow and published by International Monetary Fund. This book was released on 2019-09-23 with total page 50 pages. Available in PDF, EPUB and Kindle. Book excerpt: This SPR Departmental Paper will provide policymakers with a framework for studying changes to national data policy frameworks.

Access Rules

Author : Viktor Mayer-Schönberger
Publisher : Univ of California Press
ISBN 13 : 0520387740
Total Pages : 219 pages
Book Rating : 4.5/5 (23 download)

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Book Synopsis Access Rules by : Viktor Mayer-Schönberger

Download or read book Access Rules written by Viktor Mayer-Schönberger and published by Univ of California Press. This book was released on 2022-04-26 with total page 219 pages. Available in PDF, EPUB and Kindle. Book excerpt: A powerful and urgent call to action: to improve our lives and our societies, we must demand open access to data for all. Information is power, and the time is now for digital liberation. Access Rules mounts a strong and hopeful argument for how informational tools at present in the hands of a few could instead become empowering machines for everyone. By forcing data-hoarding companies to open access to their data, we can reinvigorate both our economy and our society. Authors Viktor Mayer-Schönberger and Thomas Ramge contend that if we disrupt monopoly power and create a level playing field, digital innovations can emerge to benefit us all. Over the past twenty years, Big Tech has managed to centralize the most relevant data on their servers, as data has become the most important raw material for innovation. However, dominant oligopolists like Facebook, Amazon, and Google, in contrast with their reputation as digital pioneers, are actually slowing down innovation and progress by withholding data for the benefit of their shareholders––at the expense of customers, the economy, and society. As Access Rules compellingly argues, ultimately it is up to us to force information giants, wherever they are located, to open their treasure troves of data to others. In order for us to limit global warming, contain a virus like COVID-19, or successfully fight poverty, everyone—including citizens and scientists, start-ups and established companies, as well as the public sector and NGOs—must have access to data. When everyone has access to the informational riches of the data age, the nature of digital power will change. Information technology will find its way back to its original purpose: empowering all of us to use information so we can thrive as individuals and as societies.

Asymmetric Information, Corporate Finance, and Investment

Author : R. Glenn Hubbard
Publisher : University of Chicago Press
ISBN 13 : 0226355942
Total Pages : 354 pages
Book Rating : 4.2/5 (263 download)

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Book Synopsis Asymmetric Information, Corporate Finance, and Investment by : R. Glenn Hubbard

Download or read book Asymmetric Information, Corporate Finance, and Investment written by R. Glenn Hubbard and published by University of Chicago Press. This book was released on 2009-05-15 with total page 354 pages. Available in PDF, EPUB and Kindle. Book excerpt: In this volume, specialists from traditionally separate areas in economics and finance investigate issues at the conjunction of their fields. They argue that financial decisions of the firm can affect real economic activity—and this is true for enough firms and consumers to have significant aggregate economic effects. They demonstrate that important differences—asymmetries—in access to information between "borrowers" and "lenders" ("insiders" and "outsiders") in financial transactions affect investment decisions of firms and the organization of financial markets. The original research emphasizes the role of information problems in explaining empirically important links between internal finance and investment, as well as their role in accounting for observed variations in mechanisms for corporate control.

Asymmetric Information in Financial Markets

Author : Ricardo N. Bebczuk
Publisher : Cambridge University Press
ISBN 13 : 9780521797320
Total Pages : 176 pages
Book Rating : 4.7/5 (973 download)

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Book Synopsis Asymmetric Information in Financial Markets by : Ricardo N. Bebczuk

Download or read book Asymmetric Information in Financial Markets written by Ricardo N. Bebczuk and published by Cambridge University Press. This book was released on 2003-08-21 with total page 176 pages. Available in PDF, EPUB and Kindle. Book excerpt: Asymmetric information (the fact that borrowers have better information than their lenders) and its theoretical and practical evidence now forms part of the basic tool kit of every financial economist. It is a phenomenon that has major implications for a number of economic and financial issues ranging from both micro and macroeconomic level - corporate debt, investment and dividend policies, the depth and duration of business cycles, the rate of long term economic growth - to the origin of financial and international crises. Asymmetric Information in Financial Markets aims to explain this concept in an accessible way, without jargon and by reducing mathematical complexity. Using elementary algebra and statistics, graphs, and convincing real-world evidence, the author explores the foundations of the problems posed by asymmetries of information in a refreshingly accessible and intuitive way.

The Economics, Concept, and Design of Information Intermediaries

Author : Frank Rose
Publisher : Springer Science & Business Media
ISBN 13 : 3642998054
Total Pages : 280 pages
Book Rating : 4.6/5 (429 download)

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Book Synopsis The Economics, Concept, and Design of Information Intermediaries by : Frank Rose

Download or read book The Economics, Concept, and Design of Information Intermediaries written by Frank Rose and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 280 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Internet provides an infrastructure that makes the steadily increasing amount of information accessible efficiently, quickly, and inexpensively. Closely connec ted with this opportunity is the danger that the available information will over charge the individual information seeker's capability to process the information and to judge its quality. In this situation, information intermediaries can take upon the role of an expert and a guarantor of quality similar to intermediaries in markets for physical goods or finances. Thus, information intermediaries can be a trust worthy, information processing third party, mediating between information seekers and information sources. The current technological development has created information technologies that are capable to efficiently process large amounts of information. However, the pro vision of intermediation services necessitates a thorough examination of the basic principles underlying the economics of information intermediaries as well as a sound foundation on information technologies. The present work by Frank Rose addresses the fundamental question concerning the economics of information intermediaries by means of an abstract model. The model focuses on services that concentrate on the search and mediation of information, and identifies the essential influencing factors of the intermediary's environment. The model is then employed to investigate the impact of environmental conditions on the information intermediary on the one hand, and the optimal strategy of the information intermediary as a reaction to environmental conditions on the other hand.

The Academy of Management Annals

Author : James P. Walsh
Publisher : Taylor & Francis
ISBN 13 : 080586220X
Total Pages : 750 pages
Book Rating : 4.8/5 (58 download)

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Book Synopsis The Academy of Management Annals by : James P. Walsh

Download or read book The Academy of Management Annals written by James P. Walsh and published by Taylor & Francis. This book was released on 2007 with total page 750 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Academy of Management is proud to announce the inaugural volume of The Academy of Management Annals. This exciting new series follows one guiding principle: The advancement of knowledge is possible only by conducting a thorough examination of what is known and unknown in a given field. Such assessments can be accomplished through comprehensive, critical reviews of the literature--crafted by informed scholars who determine when a line of inquiry has gone astray, and how to steer the research back onto the proper path. The Academy of Management Annals provide just such essential reviews. Written by leading management scholars, the reviews are invaluable for ensuring the timeliness of advanced courses, for designing new investigative approaches, and for identifying faulty methodological or conceptual assumptions. The Annals strive each year to synthesize a vast array of primary research, recognizing past principal contributions while illuminating potential future avenues of inquiry. Volume 1 of the Annals explores a wide spectrum of research: corporate control; nonstandard employment; critical management; physical work environments; public administration team learning; emotions in organizations; leadership and health care; creativity at work; business and the environment; and bias in performance appraisals. Ultimately, academic scholars in management and allied fields (e.g., sociology of organizations and organizational psychology) will see The Academy of Management Annals as a valuable resource to turn to for comprehensive, up-to-date information--published in a single volume every year by the preeminent association for management research.