The Efficacy of Information Policy: A Review of Archon Fung, Mary Graham, and David Weil's Full Disclosure : The Perils and Promise of Transparency
The Efficacy of Information Policy: A Review of Archon Fung, Mary Graham, and David Weil's Full Disclosure : The Perils and Promise of Transparency
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信息政策的有效性：Archon Fung、Mary Graham 和 David Weil 的《全面披露：透明度的危险与承诺》回顾
DOI：
10.1257/jel.46.3.704
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发表时间：
2008
影响因子：
12.6
通讯作者：
C. Winston
中科院分区：
文献类型：
--
作者：
C. Winston
信息经济学确定了政府在纠正竞争不足以向消费者透露有价值信息的情况方面的重要作用。冯国经、玛丽·格雷厄姆和大卫·韦尔的《全面披露：透明的危险和承诺》一书对政府强制披露政策进行了彻底的讨论。我用他们的书对这些政策以及其他信息政策是否显著降低了不完美信息给消费者造成的成本进行了实证评估。我的结论需要更多的研究，我的结论是，政府的信息政策相当于在寻找问题的软弱解决方案。
The economics of information has identified an important role for government to correct situations where competition is not sufficient to reveal valuable information to consumers. Archon Fung, Mary Graham, and David Weil's Full Disclosure: The Perils and Promise of Transparency provides a thorough discussion of government-mandated disclosure policies. I use their book to frame an empirical assessment of whether these—and other information policies—have significantly reduced the costs to consumers created by imperfect information. My conclusion, which calls for more research, is that government information policies have amounted to weak solutions in search of a problem.