The subject of " information economics " is treated under " Journal of Economic Literature " classification code special cases.
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Game theory is a major method used in mathematical economics and business for behavioral economics, information economics, industrial organization, and political economy.
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Other themes include increasing numbers of fascist governments, human rights, technology, and information economics in the form of a global currency, manna.
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Milgrom has made important contributions to several fields of economics, including auction theory, game theory, information economics, industrial organization, and the theory of organizations.
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While there are multiple articles in industry periodicals and government sources ( see below ) referencing applied information economics, there are few in academic literature.
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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.
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However, you will find that Applied Information Economics is taught in more than one university and used in several government agencies if you google the phrase.
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Problems of asymmetric information and moral hazard, both based around information economics, profoundly affected modern economic dilemmas like executive stock options, insurance markets, and Third-World debt relief.
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Time consistency in information economics is tied to information theory's key finding that the information value of something is the greater the less of it is known in advance.
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One such recent example is the use of Applied Information Economics by the Office of Naval Research and the Marine Corps for forecasting bulk fuel requirements for the battlefield.
