The Economics, Concept, and Design of Information Intermediaries: A Theoretic Approach

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 mar...