Public versus Private Information Provision

被引:0
作者
Clements, Matthew [1 ]
机构
[1] St Edwards Univ, Dept Econ, 3001 S Congress Ave, Austin, TX 78704 USA
来源
ECONOMIC PAPERS | 2014年 / 33卷 / 04期
关键词
asymmetric information; regulation; licensing;
D O I
10.1111/1759-3441.12087
中图分类号
F [经济];
学科分类号
02 ;
摘要
When is it better for the government to provide information, and when is this role better left to the market? I present a simple framework for evaluating this question, where the key factors are the cost of errors based on imperfect information and whether information is eventually revealed to consumers. I then apply the framework to examples.
引用
收藏
页码:391 / 399
页数:9
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