The 1970s was the decade of developments in the new area of information economics. Search theory, which emphasized the need to gather information, was joined by models that featured asymmetric information, the case in which information differed across individual agents. — Dale T. Mortensen Copy Share Image
“The Internet breaks a 500-year Latin American pattern of monopoly, monopoly of information, economics, social, religious power. It fundamentally gives power to the individual, which is a new development in Latin America. —FERNANDO ESPUELAS” — Gordon G. Chang Copy Share Image
