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Information as a resource

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Azizur Rahman

Information is an expandable, compressible, substitutable, transportable, diffusive, and shareable resource. The economics of information differs from classic goods and services in having large upfront fixed costs to produce the first unit but lower marginal costs for additional units. Information is also non-rival and non-excludable, making it a public good that can be enjoyed by multiple consumers without decreasing the amount available.

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Information as a resource MD AZIZUR RAHMAN EMAIL-azizurmlis@gmail.com
Characteristic of Information • Expandable • Compressible • Substitutable • Transportable • Diffusive and • Shareable
Information Economics • economics of information is different in several ways from the economics of classic goods and services
Properties of Information • has large fixed costs of producing the first unit and relatively lower marginal costs for producing additional units • value of information depends on when it is sold • when sold is still retained by the seller • information can be enjoyed by more than one consumer • without a decrease in the amount produced
Information as a Public Good • Exclusionary • Non-exclusionary

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Information as a resource

  • 1. Information as a resource MD AZIZUR RAHMAN EMAIL-azizurmlis@gmail.com
  • 2. Characteristic of Information • Expandable • Compressible • Substitutable • Transportable • Diffusive and • Shareable
  • 3. Information Economics • economics of information is different in several ways from the economics of classic goods and services
  • 4. Properties of Information • has large fixed costs of producing the first unit and relatively lower marginal costs for producing additional units • value of information depends on when it is sold • when sold is still retained by the seller • information can be enjoyed by more than one consumer • without a decrease in the amount produced
  • 5. Information as a Public Good • Exclusionary • Non-exclusionary