Economics Of Information / Edition 2 by Bruce R. Kingma | 9781563088162 | Paperback | Barnes & Noble
Economics Of Information / Edition 2

Economics Of Information / Edition 2

by Bruce R. Kingma
     
 

ISBN-10: 1563088169

ISBN-13: 9781563088162

Pub. Date: 03/15/2001

Publisher: ABC-CLIO, Incorporated

Designed for those with little or no prior experience in economics, Kingma's popular and highly acclaimed text clearly presents the fundamentals that users need to develop basic skills for simple cost-benefit analyses of goods and services. It provides students, librarians, and information professionals with a useful introduction to economics and cost-benefit

Overview

Designed for those with little or no prior experience in economics, Kingma's popular and highly acclaimed text clearly presents the fundamentals that users need to develop basic skills for simple cost-benefit analyses of goods and services. It provides students, librarians, and information professionals with a useful introduction to economics and cost-benefit analysis, and it helps them make better financial and management decisions. The book covers cost analysis of information goods and services, benefit analysis, information as a public good, information externalities, intellectual property and monopolies, uncertainty and risk, pricing information, opportunity costs, access versus ownership, and the economics of the Internet and digital libraries. Kingma's clear explanations of economic terms and models are illustrated with examples from library services and information markets-interlibrary loan, reference services, digitization projects, book and journal publishing, newspapers, photocopying services, computer software, and more. In this edition, new research and current examples of economic principles have been incorporated, and there is a new chapter on Internet economics and digital libraries.

Product Details

ISBN-13:
9781563088162
Publisher:
ABC-CLIO, Incorporated
Publication date:
03/15/2001
Series:
Library and Information Science Text Series
Edition description:
2ND
Pages:
194
Product dimensions:
6.00(w) x 9.00(h) x 0.45(d)

Table of Contents

Prefacexi
Chapter 1Introduction1
Why Study Economics?2
Economics4
Information Economics6
Summary8
Notes8
Chapter 2Costs9
Fixed and Variable Costs10
Marginal, Average, and Total Costs12
Opportunity Costs18
Other Cost Definitions20
Supply and Costs21
Market Supply24
Changes in Market Supply25
Price Elasticity of Supply25
Summary27
Notes28
Chapter 3Benefits29
Demand30
Price30
Changes in Demand32
Price Elasticity of Demand35
Consumer Surplus40
Summary43
Notes43
Chapter 4Markets45
The Market Equilibrium46
Changes in Demand and Supply47
Economic Efficiency51
Market Failure53
Summary55
Chapter 5Information as a Public Good57
Public Good Demand58
Financing Public Goods61
Information as a Public Good63
Summary64
Chapter 6Externalities65
Negative Externalities66
Positive Externalities68
Balancing Positive and Negative Externalities70
Summary72
Chapter 7Monopolies75
Monopoly Demand77
Natural Monopolies80
Multi-Price Suppliers85
Summary88
Chapter 8Uncertainty and Risk89
Expectations and the Value of Information90
Asymmetrical Information and Markets92
Information Markets95
Insurance96
Education97
Other Information Markets97
Modeling Information Acquisition98
Summary101
Notes101
Chapter 9Commodity or Public Good103
Market for Books and Journals104
Information Markets107
Summary110
Chapter 10Pricing113
User Fees as Allocation Tools114
Marginal Cost of Pricing117
Financing Information Goods: Ramsey Prices121
Financing Information Goods: Value-Based Prices123
Summary125
Notes125
Chapter 11Time127
Measuring the Value of Time128
Measuring Opportunity Costs129
Value of Time Saved130
Consumer Surplus and Economic Cost132
Congestion133
Present Value136
Summary139
Notes140
Chapter 12Resource Sharing141
Multiple Users of Information Resources141
Opportunity Cost of Patron Time147
Summary149
Chapter 13The Costs and Benefits of Digital Information151
Cost of Access to Information152
Consumer Costs152
Producer and Intermediary Costs154
Pricing of Digital Information156
Summary159
Chapter 14Network Economics161
Pricing of Electronic Journals162
Role of Libraries in a Networked Environment165
Summary166
Bibliography167
Index175

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