The Elgar Companion to Information Economics

Edited by Daphne R. Raban, Associate Professor of Business Administration, School of Business Administration, University of Haifa, Israel and Julia Włodarczyk, Associate Professor of Economics, Department of Economics, University of Economics in Katowice, Poland

Contents:

Preface xiv

PART I INFORMATION ECONOMICS OVERVIEW
1 Information economics examined through scarcity and abundance 2
Daphne R. Raban and Julia Włodarczyk
2 Robust theory and fragile practice: information in a world of
disinformation
Part 1: Indirect communication 20
Joseph E. Stiglitz and Andrew Kosenko
3 Robust theory and fragile practice: information in a world of
disinformation
Part 2: Direct communication 53
Joseph E. Stiglitz and Andrew Kosenko
4 Information and income distribution: the perspective of information economics 81
Julia Włodarczyk

PART II INFORMATION ASYMMETRY
5 Asymmetric information as a market failure in retrospect 106
Wojciech Giza
6 A quadrennial review of the significance of information asymmetry in
economics and finance 118
Pedro A. Martín-Cervantes and María del Carmen Valls Martínez
7 Overcoming asymmetric information: a data-driven approach 135
Giuseppe Pernagallo
8 Asymmetric information in health economics: can contract regulation
improve equity and efficiency? 154
Pau Olivella
9 Consequences of information asymmetry in a syndication network: the
joint investments of the Israeli venture capital funds 170
Ilan Talmud

PART III INFORMATION TRANSMISSION AND INFLUENCE
10 Disclosure of conflicts of interest: theory and empirics 185
Ming Li and Ting Liu
11 Information and expertise 202
Filippo Pavesi, Massimo Scotti and Nicola Argelli
12 Informational influence and its forecasting in e-commerce 224
Avraham Noy and Shimon Schwartz

PART IV INNOVATION AND INTELLECTUAL PROPERTY
13 Digital innovation: an information-economic perspective 245
Johannes M. Bauer and Tiago S. Prado
14 Innovation and information: smooth and ongoing change, or turbulence
and cognitive over-stress? On the complex deep structure of innovation 269
Wolfram Elsner
15 Intangibles, information goods, and intellectual property goods in
modern economics 298
Dominika Bochańczyk-Kupka
16 Incomplete contracts, intellectual property rights, and incentives:
investment in knowledge assets under alternative institutional configurations 312
Erkan Gürpinar and Eyüp Özveren

PART V PAYMENT, VALUE, CROWDFUNDING
17 Payment on information markets 336
Wolfgang G. Stock
18 Payment on information markets 361
Daphne R. Raban and Niv Ahituv
19 The role of influencer endorsements in users’ willingness to pay for
knowledge products: an empirical investigation 376
Xiaoyu Chen and Alton Y. K. Chua
20 Barriers to participation in cultural crowdfunding 392
Roei Davidson

PART VI CHALLENGES
21 The challenge of organizational bulk email systems: model and
empirical studies 404
Ruoyan Kong and Joseph A. Konstan
22 The effect of supervisor’s control and workload on AIS users’
perceived usefulness and approach to misuse an automated system
output: the moderating role of experience of AIS practitioners 433
Ewa Wanda Maruszewska and Maciej Andrzej Tuszkiewicz
23 On the status of machine learning inferences in data privacy economics
and regulation 459
David Bodoff
24 The digital world has a long shadow 478
Serghei Ohrimenco, Grigori Borta and Valeriu Cernei

PART VII FUTURE
25 The terms: the parameters of information economics 503
Sandra Braman

Index 532