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The Economics of Information

George J. Stigler

Journal of Political Economy 1961

The author systematically examines one of the important issues of information — establishing the market price. He introduces the concept of «search» — where a buyer wanting to get a better price, is forced to question sellers. The article deals with various aspects of finding the necessary information.

DOI
10.1086/258464
Volume
69 (3)
Pages
213-225
Language
en
Export
BibTeX
Sources
crossref openalex