Costly Information and Individual and Social Resource Allocation

昂贵的信息以及个人和社会资源分配

• 批准号: 9209892
• 负责人: Kenneth Arrow
• 金额: $ 14.96万
• 依托单位: Stanford University
• 依托单位国家: 美国
• 项目类别: Continuing Grant
• 财政年份: 1992
• 资助国家: 美国
• 起止时间: 1992-07-15 至 1996-06-30
• 项目状态: 已结题
• 来源: https://www.nsf.gov/awardsearch/showAward?AWD_ID=9209892&HistoricalAwards=false
• 关键词: Costly; Information; Individual; Social; Resource

This project studies the role of information in individual decision making and in the structure of markets by which resources are reallocated socially. The underlying theme is that recognizing that knowledge is neither free nor infinitely costly has many implications for the means by which individuals reallocate their resources, including their stock of information, and for transactions among individuals by which both goods and knowledge are transferred. The role of information in individual decisions is to be studied as a basis for the still more fundamental issue of providing a general model for economic activity. The market as understood in standard economic theory merely approximates economic processes, and is valid only in limiting cases where certain information costs vanish. The outcome of this research will be above all conceptual rather than technical, although numerous analytic questions must be raised in the process. Also, it provides better understanding of the foundations of the theory of economic institutions including firms, markets, and market equilibrium.

这个项目研究信息在个人决策中的作用 市场结构中的资源， 社会再分配。 基本主题是认识到 知识既不是免费的，也不是无限昂贵的， 对个人重新分配其收入的方式的影响 资源，包括其信息存量，以及 个人之间的交易， 都被转移了 信息在个人决策中的作用有待研究 作为提供一个更基本的问题的基础， 经济活动的一般模式。 据了解， 标准的经济理论仅仅是对经济过程的近似， 并且仅在某些信息成本的有限情况下有效 消失 这项研究的结果将首先是概念性的 而不是技术性的，尽管许多分析问题必须 在这个过程中提高。 此外，它还提供了更好的理解 经济制度理论的基础，包括 企业、市场和市场均衡。