Foundations of Law and Economics
The Economics of Information
George J. Stigler
- Year
- 1961
- Venue
- Journal of Political Economy
- Level
- Advanced
Summary
Treats information acquisition as a costly economic activity rather than an automatic feature of markets. The article develops search-cost reasoning and helps legal researchers analyze disclosure, advertising, price dispersion, market transparency, and the institutional allocation of information-production costs.
Citation
George J. Stigler. "The Economics of Information." Journal of Political Economy, 1961.
DOI: 10.1086/258464
BibTeX
@article{Stigler1961The,
title = {The Economics of Information},
author = {George J. Stigler},
year = {1961},
journal = {Journal of Political Economy},
doi = {10.1086/258464},
url = {https://doi.org/10.1086/258464}
}