Economics of Information A Guide to Economic and Cost-Benefit Analysis for Information Professionals

ISBN-10: 1563088169
ISBN-13: 9781563088162
Edition: 2nd 2001
Authors: Bruce R. Kingma
List price: $45.00 Buy it from $4.75
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Description: 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  More...

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Book details

List price: $45.00
Edition: 2nd
Copyright year: 2001
Publisher: ABC-CLIO, LLC
Publication date: 3/15/2001
Binding: Paperback
Pages: 180
Size: 6.00" wide x 9.00" long x 0.50" tall
Weight: 0.748
Language: English

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.

Preface
Introduction
Why Study Economics?
Economics
Information Economics
Summary
Notes
Costs
Fixed and Variable Costs
Marginal, Average, and Total Costs
Opportunity Costs
Other Cost Definitions
Supply and Costs
Market Supply
Changes in Market Supply
Price Elasticity of Supply
Summary
Notes
Benefits
Demand
Price
Changes in Demand
Price Elasticity of Demand
Consumer Surplus
Summary
Notes
Markets
The Market Equilibrium
Changes in Demand and Supply
Economic Efficiency
Market Failure
Summary
Information as a Public Good
Public Good Demand
Financing Public Goods
Information as a Public Good
Summary
Externalities
Negative Externalities
Positive Externalities
Balancing Positive and Negative Externalities
Summary
Monopolies
Monopoly Demand
Natural Monopolies
Multi-Price Suppliers
Summary
Uncertainty and Risk
Expectations and the Value of Information
Asymmetrical Information and Markets
Information Markets
Insurance
Education
Other Information Markets
Modeling Information Acquisition
Summary
Notes
Commodity or Public Good
Market for Books and Journals
Information Markets
Summary
Pricing
User Fees as Allocation Tools
Marginal Cost of Pricing
Financing Information Goods: Ramsey Prices
Financing Information Goods: Value-Based Prices
Summary
Notes
Time
Measuring the Value of Time
Measuring Opportunity Costs
Value of Time Saved
Consumer Surplus and Economic Cost
Congestion
Present Value
Summary
Notes
Resource Sharing
Multiple Users of Information Resources
Opportunity Cost of Patron Time
Summary
The Costs and Benefits of Digital Information
Cost of Access to Information
Consumer Costs
Producer and Intermediary Costs
Pricing of Digital Information
Summary
Network Economics
Pricing of Electronic Journals
Role of Libraries in a Networked Environment
Summary
Bibliography
Index

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