Annotation
Thursday 4:50 p.m. - 5:25 p.m., (in room 2017 Jinonice)
The core aim of this course is to suggest comprehensive definition of the information economy and delineate the range of economic problems it deals with, paying particular attention to its connections to the economics of information. The major subjects concerned include: information asymmetries, revelation principle, network effects and externalities, economies of scale, standard wars, switching costs and lock-ins, multiple competitive equilibria, characteristics of online markets, impact of information technology on productivity, implications for governmental policies.