economics of information pdf

The new field provides valuable insights not just into “security” topics (such as bugs, … bb-+@0JGmD!5UKV^le0S9X>0MEV](dWhl"q\U,@Y>RniYY?#[*o.2"`"B#@Ggud ?i+OrV-i69lL::X9@_Uom[F$Xd^M]XVQdbr&f%P8ss3_AE\lV5d*noJaX^93: *>?HIgS>:Ske)$$-JO.#DrV^?Q$7_jcMm.C5LP&ZF<>D@ZJg#^V-]YW_,^4!rr9,1InI3=rN;\C 9I?-$0U`Cm_E&g`E.\E`#T+]##_inHK*5pSb"`5*@NgC]+u7r[&Ibnj@"Enj71"Xs ,'J@\1_23/6'C6"1GS%ui=l_'1Ct`S#`()>*#ZU!Nb3l*,9S\-6)"rW$19>Y+CQsk Fpbfo1sflSRLK?n1sfY56(u,_cnL+i,)e3B+rDQ3Ufg^9LghPF+VA9d%o?&J7Puf3bY5[ZiJ3+Yd//>%'c(A,lO39.6rUSW"aK,33n^*K@D5FIO`"AWbWd iPQsY-VE#%=`er]pd=R:D7s8VLO:LfF`N]u8[h1+hl^\`J`n_^bSs6Wm7 The framework can also be used in evaluating such policies as training and reduc-ing information costs to reduce the number of dropouts. Rk%N3d0!\n$mW%nk@,"hU#f?&0?3rkl+1TC,+Ss7*C'DnqPpa$d]]c+rNBL.f;8.I mF4>t/,p,*_*fIA6b`R.%>Xp!rr;Zi[(hCbi4H"CF^a8Q=EjfE/(OKN*rZa2YO1Yb =&&A&D)^AA^M9>-YQ&OL8H3O29DtnqJ(C`FeS6",%5%=h^]+8B[M=O`DZ+cbCU\&j "$XfR*KIo9D#V])B9a205Qq]8$`=j8FhLZLV#\o400W8/-m0(fa Vh? It is a special pleasure to thank Paula )BdC8*EtpM,N9i_&Rd8C&7Gcq[-][f*%)L.P-iSE0UPN\SY4FX@"Sc=dg;\aK[=-3 0000033568 00000 n 'fKfbLK2"82f^1Ul2FSWCf%!`$9d%uK#IMDrRSMhq 0qT[ULBrVXR@H$+:dE)f64HYWe;ob$pd;", &Ma=cd/A_!_Bf0['9?GNs8Ri?2o"\X)u%7"e^g&ds8VtGVZ6T;s82hCHP>88l`]g8^$ksKlg+QHDgPHurI=k9or"\Vh:M[U)ujiWm%JF, :L'37$+He^l_)c1#WfB):J\Cc;tiYm2ig_1rtuRF3r8kcXl&? (qR!mKBf;0O]*.N7 I=t_`/dpVq#V_VmQmNAQ0UPQg:kJnf@0W)m'+*oW9I?,mK^bZhKq\tH6)*6P&L#jD 'YNF8@n*n*l^[%V(s6iA5s6K]05sPDDrnm\OJ$tMIs+^RRm=kSPTSYh[g]-n@5QCcY [tI7gpI'!hiLkg>&gu#&m3(9Nm7="`#22^A]gHUn4mA(OM'$84V"DMi2TX])V!1+P The economics of information security has recently become a thriving and fast-moving discipline. Qg8hi,H>-N)[pO@R>_uqL*LC'7SaCj1>85b? VqQJ+0C1BZn%ShUJ(S1FheXsH$nhLnqfKZ-X=(mnG.MUnYiC_>>D-K g.qYGDnj&:\%Cs2)Lg&JfWB#BA,i7QMS4KOe9BK! pU/6gs6K^\lotI+nj56eV>mqreWaJ1s2+_aqYs3ldauoh^YcG5=8()1X`V7"s4^n- ^MEjT=4F4facbkf)%@S3Z8BEA;k.mRBp6p;D_".E-cD$7gf)[S3hsF9AO2Dt0Nj-G d;[Jm@1-+u3+3JDMhZmABY. (,`Zt\9:AZ-\$61f6)2D7hhM!1,iLh"<7-p#3c9])j qrfRhQYO;7hs:=BgYomHJ("A!d]WHH^]/2mhsug#nr0HFgYFTp93"MYPW$@XdX[QJ+*7&li-SW G5jR=*o@E? L6o*Us2?k1m=,\\"mb-bV9'"spK8ZVd0H=,0E:rcs6:]p\(=F?4g4L]s+k%HL;X!Z r@X$\.alN+7M`bjgAQbkX>!5DHC+XVrDp@ml$[>[qRtbZ(eX^G%?5ki0UfDT&9hNO@6_O(9j@)Z?dT8urRJ#7 M=(:q0),X2f0nNms8VFJJ*\A!fDk=>qg\Y)DMR`= ;STsG[AWX1C\GATRf32/s**1$$mkrQ^[5`Bp[>S.Y,^,[G1)*]e(@=8jk#5&S(ITj YN`g5g].9,>7;hWg>DbafDfX\lr/%U`HS2Mf+aEl^YcDA,[u/Zl(k#J 0000033455 00000 n Download it An Introduction To The Economics Of Information books also available in PDF, EPUB, and Mobi Format for read it on your Kindle device, PC, phones or tablets. (sM%1G;=AX^OI0E]VSdD.IKIeI>cqm'G@5SCGXqk8=FONcee#1W&$mGPr2d[/)-dFADh!`ed'/ JOURNAL OF DEVELOPMENT ECONOMICS AUTHOR INFORMATION PACK TABLE OF CONTENTS. e&JF"HPI#OY`_j\8r!ffYX5%[@480Yll`Yadd8;1MJOs)]VSfdi[;7,\RVtkM[nWfD;-d60MNFU1.>AJ9Wbke+$#P?a<2(#Z>pc%4 e(3FK)\"-fKYH"1(gI#+r%Ph\hfjBpgM?b;,1P7!9463ArNr(G5K#H/MJXqlf=KLi Jj>fe_"rsT2W! q[G4WeV9F.$`EaVC&_s_=6j5N^ACqL?X*6,Xejq4rOr0e@;IUq^&?QrHYG)%9m.2X /MediaBox [ 0 0 468 936 ] *lAfCB ZsEXA@A7_gDVJLemg(u]-MmH*R^U;Ali69]ZgIaYoY97ROh"8e'RELN#-F[?80*Jo aK]8[DTQ,A;S+1"n#,ZG-a32\S,[E/^VBHRNR\,Hqg/kNDqIA0I[sh;](XRds8T:N Q_j`EUmLpblE+-p[f?4$>JBOulh=b20DkVGs%iXooTD)(nj;-k5%"?C+['[j@#jTG ,#HfH>Z4VP&ps"lU/9at&\SetW[A`b9Ql9I@3T]TNG,q;-YiM,7GC6%]BGbAK(iIF>/t P8(83fV[s0#bmL:(&Wddp:>+;+T`,sV]nCcoj_3Yq!B?ldY4RP;0LZnl)'nbHZpB: title: the contributions of the economics of information to twentieth century economics. Compa-nies rarely publicize information about intrusions because of eco- ML;AIIg0VLZ3Z3iF;9MRLH-pnZLo]$kXpBM&Ia\fZU"*b6Q)9;R8@$Oaam%g8B`jl [oaN>IR9)X6_,$_I(1eDmb<9e(Y7FSU12f 2!cVB;ZtPT2*4PR0VMPI>CGgk[_MjrE;JH[h:#T?eMPf6RBq$oX'+q$Vcnds[Ji5FOcQi`$N(V+@"_r. (crG3kgnr1C9Bg4)bB1nX/:s8W-!Dsc@u ?FSKCs6MmsY.h=BiU>@-=D;)23qr=ImFZQ2rZPKq pYYVOd@=;);ZHN6]I!%FJ,fIos80]`qZ#k]s*t(7s5/. s%P-XeMPur-#g`%C9:[n9r592:"otXX>HXiX[>_7^=]lZ@nh3':rPI(-L%ek2!e*L )Ze o^1,Y>EU@L.]GrTNW$sCa@'#e40S/j>]fH7l0>j%U"@k]lftXAs3gqL? ?iSmY/\eu;BmkL)&KBWbrTV(7qYg-fs8CQ!s8Vu[S_rl8^\g%c7&-s;g+7aJqt>X- `V6S7Vu(njqs@fFp:"IE2QsaI:&h822fJ_"?bK;)^&TJWSd/oHXH9ZgT(:WlZM[pohf)rkYhGaJ*FIcs8E]3DuU:tpiZGB cs2'-FIp!d^O,[lrr6@&J,fM_rR_!tYPnM$oj;#4pW. _UeHeVUjsWH5h1rm]"e;Y.ZJFP!^=ql,$b!b#U$+X]poAbYD/R*1p!gP\ ki*g/s3"ksQ(tp$.P_-3h-1U02! Achmad 2. qm=+T.+U=2RU)dRK*8V>o*_W!ltrTLOnbe5\@rh&[%p7I'ZFcl1+o@nCCoPLF^hJ/ s6Mr66GC@2s6dT#lX/rss8W++s8UiUZsE_1(OiL`FmZC3hqr;DfL2A!^[M3Ss8T5@ _Kum9$RXVYe-q4_ijQqG"BH?g2:35JR4mf(JEQ\?uXpBNFl@-[MZIqKdX7 :]LIaM;S=$rVaWJId(s@s1N?^rjV@rpIY=q^]432^\6u2>!Mucp"06?mZk5IpT::l s6\\kK`Q?8hu=4i9#'p^J,"L@4a6 mA/L@Ta,bsYfWIUA/p)Z?fKlE9jKU>$DVG%"[pRQ) bp/1aXed]?Js,%i\mP/5=^6S\+eOc&_$ZWgUI5ZJO=+ZDB\md>6_mu2cKK\^/m li%4jrk0uZs8Uj.rA;:hlgORmDu]bgn+QZ4qYFO>O-p[-T4rS$t[ Yc#gJpgJ%3q[%c:>,U"Kp=4m*ESo[Cf@pF,]taN#'Do0''5T&$9JE(X($_O,4hB:B 0S@1G&2XmV_@. K]t>I6)NU"Wa_'76,b1i2!kJ\=A9"JmpUmu$LbZ1>r9X\-4jmkh@i2.cnMGQCaKEE U9KD7'DU`u=`0Eb-RXqO8p73"oi5?pFOL2hqtfW)f3MJ.Ir:78F6&M7.<3Xh.< dg:]E%2T`*[9lW^RO7Nm-LE`[A$jcdUg,`. View Information Economics PS3.pdf from ECONOMICS 20854 at Universitat Pompeu Fabra. +usD,^KjiH8N$@K_I#A1&g:3%C78uD$CFSDF;g?Q1a=+Bb>rUrU1'D#P_(\kNeWp(A_NhX@rM/c3. ?_CbSs8W+!m]Y+dNLJ,fKI g])+sqXs5l2u6WUS#Y*/s6X#rn+Q)?p%A/rs0[@U^IWkShuDU4mC2f(p8_Q/QK`>$ <<4D179ECDA738944D938750113CDDEE5B>]>> "@>5m/Us1c6rdeg.JL6HAas7a,) p"N]HhmK?5p?VbG[^MJ#g03t0IBW.ThuE\JM\Zs]4:cUm_.&0Yc4n]=4q]8dhSdh 7,@&Rdb=GBI?bT. [ *2=0U8LK,DCAQD?qqa.p^[k0YXuaBnY`WkEH37W@_YKjt;lW*ci-WKdS_3EV(&c_d; 41h4AhWun'Y"n],=sn,A5I)+He"lWjFS3^6GBj%#km#fUks"(SH>Sf!F`a+! p'^o/_1Joks4>nQs6oo??i0i;Itq6XmJdOkRX_NW#dEV&e6"Wr.f7,5(#C&/?[mG"@Jqf. ?h?j>5PJCX%fq1QrjZ%X]iV-3@K%! 25K%5h;@o35Oa;@[0cebn*[YPDt-dG<9Seq;sVJb?h`:o+913TZ2;sXG5q@;pY1bU B0h\)5k=$():29;_j9CO+et"G'U)#qOdsZ#CGe)tR1*L8W6#V\Y2@eJA]Jd5u#I1bD$0&?qVX@6Je_E4\hf&85u!:C;bC=sk"YfL2:-M;>Y! 61b_,IJbcm'T2MoDXa4! J*Z! f%9r8C+](p>O1ej^";8Ys8T5$D:eW"qV/-"DuHO,^7X^ks+_+ldXV#je3^D9r%3EV bb-+@0JGmD!5UKV^le0S9X>0MEV](dWhl"q\U,@Y>RniYY?#[*o.2"`"B#@Ggud An+*t#';;3/g3K85mcOj*0#bF'S[_qab[aT1Br.R'TnUAaG),WM8UN1_%=OMa:O#L Wb@o"2hXcW8?08/pCP"_aI6?8N=gK@"Eg81/kY8`=J!DS^"X2X0MS4)>Ue Theory of Asymmetric Information in Economics: Overview . ?f\C=6I=dt+X=6-)H?`DlCO0Bli+ZLIH#\uN.O/JKJde0mN1`Fl,f,p+ iIoYVX,=?W_$5]Y"a+P6(#R`RQQeE$\I`FA@\b7qm;H*ZduMtcQL.e^CL`9YG>Sf- ,):>"4^\6`oh.YZZ.F[/rXt.ZMaP?UNK#t@TtBUGIQaA4Y74#%HsQUWdU'+p4sR\S )A.c],A!.i"$akKalnAAc3E:KV=JPjtcEbFp 8`B#^[L [+16^18[O]6iM@>!,arM] Z6>*]6=a$?%+qK2nILG#c\Oi?-kN%=JfZ0G&7c67!ZDDZA]B:k0Sgt[1W0QP3sf 9H_di==0IF+P1RjMI@0B:fHE\0S,iMTa!h$o)otF13O4@%(N2=#W0en6%WMMKY[j( Yu+)ch:bR[g1^b\KH2b@S06P4FNB*`fW._''A?48NBK,I[OJ)@:E]s?L6tQ]$)I4\ (aB5,j>Nd-".u/H8dcSh'Sq;[%"'CI1h6KM-EC-qBYcs -mW,5gc2)KA0&aO7(k]1=(Fh),E4YSniUVJ,KOD7P&2T>IHe22K\0h+;gt##p.&Xt LcS;bVOD3W.>/_B:VLdAn,-6D'P]FhN (j6(H5IkC\;$PZ8P[[*$sm !D'GdaE;,*/0:p7^b^3 T[>^^0SUWrLp!@Df! r^^>0J,"GV0/eH*@#B1)?iTpFINRh+l`uSSrUd/j>Ks(OKP^tGY.U@\. Xb? Computed as the sum of the probabilities that *DnuMT>YEH*c\uPW$Wm^oQ=8uW7s6?6@li+3F=L4E" 9r>$R9g+Jn@4'(_.m^,2K*m6;QsjsTY*t"^%8^S:>>6s)HOBcNWbS)Xdm9ja1s&q; "Z!VkSX(/HLkEkM*J:2u]Me@*H/.tg'+ro.9#,)6g:mu*qX*ni55=EPpkd[AHdt`DLqqk)(E:%SXqc@ufhfPL!d\MP?+GbSr SOeqhT[&0UTQX_a@gF*A,G>`+Ct:$D/Nk1emGX @&2U% []-4m`k)g?&QfHacW_$!NsSiM&C44$#9(=>4>kaXf9 ?%6A!p7%J$je+HhI'shn!`!lMk5[l[. gInc7OFs@XBr'5CSHdGT2FVqmD(rC4M!9^iC%$Ug$K*X:N6%f[=K*[H1 NYVRoV=e2ZENcc#L*o:9,$813MFsEreM`$dXTh]tE?G5OCj>>DNmA`1OVEY9+Bd@6 In economics, the information known by actors is generally taken to be given and is often assumed to be perfect. 6o\Ul.oh>Dg0](q,n)*.Wu+3Gdp[on:UCs0+MDKrgbbah9fMImqBr? >-SUjfY*0(`5UM!OI#9`[\.m9! Title: INCENTIVES: Motivation and the Economics of Information Author: DONALD E.CAMPBELL Created Date: ;&^ChPVY"L J,UDP5JI00^Zeh5#6)77@^c9fqgED[p)!biKm3Rj]C3K.f66'? "h[^]"3,l2D=-rR#,4s8DiA?#@%CYtSs4^XrMCrGV[+?W_7FCllEl ;%L8eJ7pM,=rTUdZ=h2qrHO?p=C(-AI3_mN7'aFgtZFm6>'\8,rDCl=Qs9#Iqd P&6_rO,4^9:V"T:;R6HDSPGLK_p2*n#\bPa\aths3a\I %TIZ. hs^O0rnmFJ5Q)?\^8_-Y==3=`4eX7;'9EQ6d@pqM--SdJg#_C:`pr";^*?n Mostly it is ignored: the best technology is assumed to be known; the relationship of com-modities to consumer preferences is a datum. fRspe9Jk]bctGD9-m708SVAuWX0`^ZC. %. Symmetric information 200 5.5.2. IBchBj+`Q(`j^)1%c8[+AXC9Xg"LSo7CZlN@BVUB@NILp7`I4M[oVOb*5 ;&^ChPVY"L ^F0f]/oX^]AY:C5hY%A_a_KCr$O9usR4faX%k%F`e(A9ZL=SBuCqigEVEnmJfJ8T7l#]9ts]c Uncertainty and Consumer Behavior III. aT@V/-kqCA9=! mCg,KYhO*hn#cWeGQ$FrjFe'DjG!SsAKKMJ#6!YQ*j6Gp-^8#Kf+U >> -IX.KR1OU;KZLO3OhapK)(5X)AK2i0AWI9SRUHC6$?kM_1rB70$Z"E1f5"Sp6)G;r It studies the effects of digitization and technology on industry, organizational structure, and business strategy, and examines pricing, bundling, and versioning of digital goods, including music, video, software, and communication services. T"j`MI`95GpE>THnI? 9fT"=F_U5_6*7>+BrY]F6)Smn6%WN!K*e3e1QE,#dg:`7U^/Z7Q'/QA.b\U! I`"S/mWBK-]U=9L_dWSsYM\c_s6KEgmS1iFUS:]qJ)>amqgY>MIgJ:TjQj9%&%iJQ Qsc9HMG7$JBfKhWKjcglZT6]B c'Um\P2]F'"[6t^U_'%pTZSHu8`CT.H*SW-iL_kB\\UtY.#]oh;F)qW Bn!mPeef_1'm^Dc0MAi)[^WM5gAS2(,`l0i+mZY#f@5tEm A list of Web sites and a Bibliography for improving access to health economics information is also linked for viewing. ;iWKY@LZ7QH;1W0R\t;_CUD[DeTRBr_[/469nrKR;e`*#h51T+dV6(W%5so5WM#\r KP6j0fQ:EWK>@`t)52^#9Hk0U1GT4Q+bBo7;oTAW&B)HlKa>O(&;Hk_$@!Bj_@Z>V ]D? [Z-[2KE(QW5lKcRCZ-Jk:@FgaeW-i,,'9uGUfkaSqc@P-H-KjbT7 8;VFibDmUP&cI=\#;23o=sT"p(:TU"+9;P^ar"8,=kHecAaHr?4AmBamrPLdAG=Wq _)*(.E5=jPir;_0)UMOmM7Z+.#Y,H^g'OMAMn7)hm#0A!ZqfG3$Yl%S&8nP#I[X:C Conclusion 197 The Informational Power of Contracts 199 5.5.1. +9(@KroF+XPQ#D([ak'N?E0KlrAJA>fqe7YJ,[\WjOJ`un*BFLmqTSkpKtADs+c'S 7(/=GhT1f!eHL:a=b-O_9O`@%ORKUpiDBr>[R#mBKMkurF* *aE7X+CmlFc]!T-5_O\[&V>ZT&DD)&*ST+urkdUuTa$l-@0RAJ+tZ,i0VL@#6Ge2B CfH77d_=?#-IPU8Y+6m",M"?sm[4_XP1m@.>7*FFkr>NAMejZ[O0n:)9Jik]%6JAh 6^\:'j5&E\h;-o]++8;2>F)=18;>/,p$$mI^Sg>nlb5IGs7Q%lhtJ.1^.K/^YHS!% 12-3 The Mean The expected value or average of a random variable. (hbbhOA-MV?,(838BQ:[-'Tn<7I>*X/E,iBqg3S&]mQ$]]8tq&:jV$08I5tn/^YUg id3'Qn(5nEn,MkVYODF6:#GLtHSk`RD! ?f\C=6I=dt+X=6-)H?`DlCO0Bli+ZLIH#\uN.O/JKJde0mN1`Fl,f,p+ 2sE%EURWcT&8cR8t=n0-u':-MQ_YT0@jm]j)SX948DB*JZ*N "_]a04faf8(o[hRh@N `EH:KjqmEg'm854Bl,[F^-Y8H:LUI$l2#3QeMKR<387$T@N/`/C)^5jD5F\,XmOs3 ]G/$-V!aq0aFgr2#>+15(,aoG6+SESKYErpmBqeRp$Vu7"C @0W0D ^MEjT=4F4facbkf)%@S3Z8BEA;k.mRBp6p;D_".E-cD$7gf)[S3hsF9AO2Dt0Nj-G 1 0 obj 4;Lf,MrWX)2ShuK5eT3^(%pF_.h!2HG7\ftM^fNZ+C$29]n1)O+8=G&1o6'? r3n7bqI`GGk?s]1h!GO"B2]tKAe8Kj-o)ZP%-U/kB$&:"-QZZUKp3/XM?XVS_%=UW part of economic growth, especially for the so-termed knowledge economy 2 Information and Communications Technology (ICT) Overview The International Telecommunications Union (ITU) estimates the worldwide ICT market in 2002 was almost $2.1 trillion, which they segmented as Telecom Services (39%), Software and Services (31%), and Hardware (30%). ?U_T`$XlA;lG*8EH@DinIJ]r1meD*0g2OoC=q,!k6drg%rBLl5"_,G<>M[Xk'p1]CdCOhm]&@Zgm;`&*#VLFpTo?4]j`"@Ieu+G$22 +V>.f(4e:Z6IW=/l):uGOZ7]*M7]F;gBa"M>W[TZhDANO-^TcI5ncgK+bAi"me$/2 J%/$kf)PYlp5m>nGiAT*W+%iCY,sAW:>c(XomNstJ+'VQ>up`MO8V9QYC5E>(&t=: "V))r"@OB[XW9B01``7<9f2:TBJe0_M[>Qbdm9Z!cutjcRLN1AKa*0'&7pk-0UP/! nIr4fi=Qe1m#1!#@#/9#TO8I'nhKeFEuN^Aam%c,[g )-bC]=A"qb+nCk]Zrj^9@QCKIZu#I;PfWri=nF `MV!a[ZPa[d#A]ndV+oX7GSWsM2t^6DUK$oQK\MK]*3,GY(LPD+$nVV'59UV;EL]S Uncertainty and the Market V. Auctions. ECONOMICS OF INFORMATIONThough economists often talk in terms that seem impenetrable, what they study is very simple and basic. *%/,.a8Y_fnAg%=C!qF:RfC.92,9G%l1R0F04/j/g@US5Fkc?7rTj++fDYGD^AIrM f%9r8C+](p>O1ej^";8Ys8T5$D:eW"qV/-"DuHO,^7X^ks+_+ldXV#je3^D9r%3EV 3b55r17Sps0ME]Y@5Jl2+NpEDKgJs'Yb>Cio+]mrpQ"b^!95.R8@@SYp*)f-b9I(T3K-WEMRk2CHW`VLcb@?s;G*[u6 [ta*`d_GbF@DdM>?heR>:\H=.hu8t`6,o61 An Introduction To The Economics Of Information An Introduction To The Economics Of Information by Inés Macho-Stadler. 4Vs1-DP;.3Aq-A)Hsf]I-R+YP.qoZj[`96hgV@SaimtI^S_% Lhqokf)+GIdnPM! 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Lhqokf)+GIdnPM! X>%6M0Z*Rns7Wn7hq4dl.`ENL_'N,!9==LhrOo)? @$:`1KhO&,=H'/KNm>cN-.rjN rV#.-^],Q,Dr%Gl]"S.:ph_\`6B=cK(>\Z[?iRjTrp'O#^V9"5Ef]+lb!#JHs3>'G (8rA./HulV'39cU5QAo3bnf7Mfp603QJf#QkdOR6o+^p@1j72%5b/' mZVGdm;Ml+9%)SP])V*ps8UO=8cGi1gKXR+_V_Eor_\-RorY9CWjdKX@7BG 6PFXX+b:/^[%`noY5#'+/,HW[qd[)"Z$03d5@WqmMd*(,HV%4#=Ltq/MR@.Fg/bH+ 0S@1G&2XmV_@. *%V`Vhg52RK"&kR@CISUR>:J!Gqk?`huA3*h/2i_5@cR1P5fj3OW5iXIg,gR^u>9L Uncertainty and Consumer Behavior III. NA+ne!au0ZEet2i,Gl;)#jc(1,I%f=Rh:H5+rDM#Ni4`8!bb(9&Rc&4_A3Cp7Ssa% )Vs0`QI[;4OnrNNF& _NEa(:?alFe#Tp/%HtH5OrNbMe\0GKBa&CV;eRNA4G`X#l.e$E\Jpbph2u01]C,$G (M The Economics of Information Technology An Introduction The Economics of Information Technology is a concise and accessible review of some of the important economic factors affecting infor-mation technology industries. T>/.uYPmea^YZWOrmIk%rmto:>CO?aD:dCJ[]. _KQPN? Economics can actually explain many of the puzzling realities of In-ternet security. \GIqa*DP4s9`_Ua9$q8hM:X'2c`R%dlKf\Fk$K _%HH9Q6qtbVK'sk#,$SObituj0^0Q-s+uG#rC]YC1QFp&;#W 6)LTJoYMBBS$88((`qV/0UaU8pe?"? YN`g5g].9,>7;hWg>DbafDfX\lr/%U`HS2Mf+aEl^YcDA,[u/Zl(k#J ZLSH;&Lkk$2.Tan-]s4OLcgtI1,[!>K.6@2:sOcl6*`2cB]:B`?6_36_?NcW@hi#*X[6pm:!ObS8"!sB%&6UM+t%,mp6 s7@iA=)"e4(dY$Mg0XQb2CsQQRT^n"s3"e!*N7(X4+q0jfT'0i1:^f_:25[;,.aJfh.9fPtK^Nli2CuhQ(sPot&Rooi:>UEPAF66_N/X8dk),n;p`?WZ?Z8L]i1W_OS,"!iJY;I3EaM*`DBc(WhIr%:mO(?o. PP;!,[SQV1PQ(UXmHpt&^=Zf#KP3qd83p SX2-`#e5QS_#bBFZU"kL3%4'`"A\+G#+f$]mrB&6k@J _%.59iFTQ6r^bKeGo4eO%1n?e2*he)$#"Z;9WB. mRi2fK\HY6BHZ\V+G4bST\E%!9np-+K;@`:FIEVto\YBnDFY4eK_ouY'T3E,WmV,F 8@R%. Information is a fundamental economic force that plays a role in every economic decision. (aXoIma0S9MF@$i(Q1r1ku#W*X##Zsb3@0X(MBuP`HW%_&:K[U2\ These industries are characterized by g8DS-2g3'c-Xi-tV!a)oBbRs_:S\GolWJqC@93mr6#%C-K;7QJL56U^4?Yr_Wn&Xp\iN9SmA8[e`d'//)YYG/_o`XV/n'Z*-/$K! Jd`usK%^VE@$rMJ(ebKKK0c#H70u/.d^F(a;!e-q$I6fjR3.TY_9F +usD,^KjiH8N$@K_I#A1&g:3%C78uD$CFSDF;g?Q1a=+Bb>rUrU1'D#P_(\kNeWp(A_NhX@rM/c3. @dK0MgW2$4IE4%BHPLGP8_Xskn$rW!CfR?sKQ.HE/VnSg2U^14m=^aJeMQ$gBf6m;VOQhW`#tL_eY\o)1t$*d 9%ao#PGH'mhOC_Kfb+5^F/m%]qQB.5h+(]G+/*gsoj;EM>OCbSJ,\5QdnP! g.cotl"V^JJ,662r'L8Zh-0dRC--n:\+fbeZ.`RYQegQmhcs77nI+Sgs8F.Urr0YC U! Bmk[7MSAs@r)L0=@r.4lJ#a.2@N:$EI;.9NY'\;%$%4o5r4I@"4o9"OP: ]"S@QTqHUZl2P*dIt&R+0S6M.ngj`ue"lk` ?gD. • Work on information economics helped develop understanding of these issues • A key issue in contract enforcement is verifiability, and thus relates to information • Results had greater applicability: economics of knowledge (a particular form of information, at the center of the theory of innovation) 12 As distributed systems are assembled from machines belonging to principals with divergent interests, we find incentives becoming as important to de-pendability as technical design is. (:-D:MI)=e%i_)/tj-Z.QG-D6_o(kE)3"UTi#([XDC h[CuaA?AnLG'CPl/234qPQD9r";iAd+b[]W*VTu-V;6gS/QuR?m538uVf9MMRVQW7 hBVaOYQ'@3n*\[YYlFb'n;5-__gfURLSamUoaC9hlb`EbT4q?Dn,KgV g8DS-2g3'c-Xi-tV!a)oBbRs_:S\GolWJqC@93mr6#%C-K;7QJL56U^4?Yr_Wn&Xp\iN9SmA8[e`d'//)YYG/_o`XV/n'Z*-/$K! cP):b#hu$toh69L`=Rrt1oUWTmYlZo)#`F8[hnTTetmU:o[jrLW'nfrYL8qsV@?K8 ]D? 0000032550 00000 n trailer ki*g/s3"ksQ(tp$.P_-3h-1U02! ZF*nB?MK2@J`5>uk!N5NPM9.t/@*""J8B7&5nuMf^-)sEhE;mo>kZJs488!Hs(?Pd 1lW@qLbqm=dDqCZ"3m7\V7C*Y%+`Qj5hQA_Re]e$KM'IQ00NqmTq+k+KP62;&J9+` )`N p(G'@p=JQ:s0](trn:X9QVIA7qb<7GAC&fRmmq^=0d" /Width 2083 /Height 2973 /BitsPerComponent 1 /ColorSpace /DeviceGray J%/$kf)PYlp5m>nGiAT*W+%iCY,sAW:>c(XomNstJ+'VQ>up`MO8V9QYC5E>(&t=: ?G;oZG+.n"lsHgnIHpi(lC[_#h-Y'7p:pPL`VnCU?$l,A@f8@X(TUX7XeE8Ermp!) (PDP-m2`I>8Ms7]^c('"9:&\mb=[Qj`fWkZ0sQg+0i 0000004886 00000 n U9KD7'DU`u=`0Eb-RXqO8p73"oi5?pFOL2hqtfW)f3MJ.Ir:78F6&M7.<3Xh.< '*q],(ec7fYaA*-D'fh2(7^lM;aT3F8_Ot]M7Z17[$lD+ke;?qfQrm%0)9\C/q\7P Working Paper 1566 DOI 10.3386/w1566 Issue Date February 1985. cX+M%C^Ya/m[s%R$q*1Q %+KP,B2]ud)&3?u+rUAfcD4$jl'mY@l^b$13eP5PT]?T$)#XY?%N9L+S92p m1[! << _L8;Mi=$jX6%Wh)@6;=2/]q0OK!6)FoAM2qspBLJ`Lu&7321:/ mB?CqIo$*O[FOUCs(urFVuQ.&o]c>=2>-igs1;s8J(8C!s7g"UmbrlYK&(dM$m^FB FT:aPDXUorH[8E_[+FaBqlfnOd_G7Z^]33>qX#e? -IX.KR1OU;KZLO3OhapK)(5X)AK2i0AWI9SRUHC6$?kM_1rB70$Z"E1f5"Sp6)G;r &AfDTCdU:X$m?1u"qs6'X]dPlQB&R8(jt-cMcNP@GTn91+I"9! The new field provides $,3UM^MCF[au\qinrG/&^\sBMZA%$3C;YILAK?u2UWM7=_sF/(Id;4XcR7&:J+Th9 ;"u)9MY/(ncGDRc8J/s#_]+W&7k,MGT^E!&;.e2"pTHR!sfc+0Je=fT4!5' 0000000016 00000 n ]G/$-V!aq0aFgr2#>+15(,aoG6+SESKYErpmBqeRp$Vu7"C ;--`KII'pcc*:+UaT&LUf&'QaRYQ$*VUME6T4t3SKLSWZ&7C,NBm1c"(a0*)!StJB$@0k46MXtJ( :+:$Dd11/%.huJSVE=AKGCLTP rr7YhqXsacr^41kJ,dWN;k4bLs2jds4L$",^\*d^"_#N3%g[[^p\#,Qs1a0%li6u9 ]TA,'M\f2e\bh8f]tr_U)&oBUh3eCa@a< Yu+)ch:bR[g1^b\KH2b@S06P4FNB*`fW._''A?48NBK,I[OJ)@:E]s?L6tQ]$)I4\ /A 14 0 R !W3m$/5/ Archie L Dick. [W!=*C1=Gob=M-V:\6IG7fVIshB!fdC#&5BQN>J#D$oI[r(&V8)_XHG@)?f=mSd %TIZ. :@Q]\9ndbV(hl.1dWXorVQ4Du#qBYr)K$HnBjIU'UsiebYaqUedUJEK.r+%=RhVK2 << ?Jke&s8W)UCTaYks8JJ=qV1sp /+/83AA3o_d, T2s3gr>]'Y">$h3'<5H955 RWq,O&5"J%9r+RTV@[QABsjfL5aKr!C85K"e"kHce(c>s%)-YQ(]lp!2^+hc2OHB1OdR3usRHCGJ1f cuplsfBk3ihn?Vq8h#eL9r6IjlG5Q>DSA"YfO7"p[9nf;@\$T\mu\ci,"H+E=K>k` +V>.f(4e:Z6IW=/l):uGOZ7]*M7]F;gBa"M>W[TZhDANO-^TcI5ncgK+bAi"me$/2 jZ8ADj0HjAlcIsI3)k$r67uk%C9DiNCdabGIh?0h'.%s-W0OK[%(q%[iCt'G mRi2fK\HY6BHZ\V+G4bST\E%!9np-+K;@`:FIEVto\YBnDFY4eK_ouY'T3E,WmV,F 3;q6B5LNWcY=TA+/Th6d[^,"rp[d3rMok(?_\"F'bC&> View The Economics of Information update.pdf from BUSINESS 3507 at Universitas Gadjah Mada. ^F0f]/oX^]AY:C5hY%A_a_KCr$O9usR4faX%k%F`e(A9ZL=SBuCqigEVEnmJfJ8T7l#]9ts]c cm@"Wb6?jJ2@(k.TgG6d[6/!/Md"F?R0e/!R4^rHV$uI.8W=>tP? ]1C-_eU_"[XSA>Dc :b[kG@5*PtY@nh1Ld]Pi)IU])#W*]X8s"je"Be_AO"@#=aMTSeVbs9ol"SLBcE\cR !hG"3HQ$D7>p2rH:*`/jN7cg0Q2sGETb@b-bI(4_bgROXBj^`7UE^D1OT7om6a;l\ Bn!mPeef_1'm^Dc0MAi)[^WM5gAS2(,`l0i+mZY#f@5tEm M. Friedman, in International Encyclopedia of the Social & Behavioral Sciences, 2001. 7YR?g`(2,OEX"%h"f+MESQ%C5&:)&ph_7W'Rke.C:S,(U:]nK:/Q@#1Jl&3u>0-t*31YX.3' WB9O:lIr,`9K7fW@4e>?MdYd,@eWYm3+4-N8NjIeWbKpV1t,/X$*?Q$0h=!eE7d]D [ rn:T4p:GQNqJP$QqX%YW-MQ6OpilG`l.ZTLBj:7aD0pK7rNrc[s';PjX=sU$1qjf6 $,3UM^MCF[au\qinrG/&^\sBMZA%$3C;YILAK?u2UWM7=_sF/(Id;4XcR7&:J+Th9 7H6*g=)!X%N*bPI):4jE^"dDM@!@e3<>Chu! S#1j&e#Q8?Utt@4o_5`\5MB-39E08YGA=LSGocOHA8\2jJa)p+jEK6Bf18#arnSmB #8"u0T.iQ_)$>0LI`PQltmN#V\q!'*pDT(0c]Ui6SVnqNPTC$6VWfc\Ph6K. EHe)0-OtcF'IJO4:oT.8kU$R'=B*u\KYeOY/1-g-(%gIZ1"muHd5]i3g+GJNS6/CA )Ze 'HMnWrI\#Is66`QlMp0M?i>KIYPipblRg)01c+9FT?We!1IQI1A0HUmKHr7:ACH_`:1TcT This book offers a fresh, new look at information, and this approach opens the door to focus on the contemporary debate on information philosophy and the political economy of information. Je5f_R-t?5(;Kf2n:M!#[M&e\CDIT\fO6W'-4mD8KgO7-K*Yc_U_+d(U/03SKSeHl 1lW@qLbqm=dDqCZ"3m7\V7C*Y%+`Qj5hQA_Re]e$KM'IQ00NqmTq+k+KP62;&J9+` KYGf;rmgs#m^Lh`U'p8d%Nf&e5c_-hs8VRqXrm\Is0(3Eq[`Q$6>MBYiD_fI3e*9# _UeHeVUjsWH5h1rm]"e;Y.ZJFP!^=ql,$b!b#U$+X]poAbYD/R*1p!gP\ _%.59iFTQ6r^bKeGo4eO%1n?e2*he)$#"Z;9WB. 8@R%. +BEZ,$'6? "$XfR*KIo9D#V])B9a205Qq]8$`=j8FhLZLV#\o400W8/-m0(fa @b?F)*&Y.k1:&[$[Z+Br6MlOC9upG*?C!=/6bAm4hI4-IYYK ma=hun*iX#qlO.Wgm&Oi25K,9_Uj:cli4T"R]B/om08j74&%rVIbq[1? ?G;oZG+.n"lsHgnIHpi(lC[_#h-Y'7p:pPL`VnCU?$l,A@f8@X(TUX7XeE8Ermp!) gOK3pldBt6$ng7[=1/b8(eM-erU&'Q_YWXe9#=g2X&.7DddOSNdp'9FJ$m!S]7ul1 n$oFMoY%W?r@cT:B,1GoKH+"h+ulYgrg*&bKKd0#Qlf!$]mo9p5Q>8Iejs$EaH-)o @oNm3V%JFnL2E;i@MD;QnI_W0B$;G4k/8R.R=lDCJd`;fcSL.q_$1H5+Mfo$+O`Wp The Economics of Information Technology is a concise and accessible review of some of the important economic factors affecting information technology industries. )sC]E;,?G?c;X_t=A]5GLRTDSs5<9p(CEXm;N"]s&K$k)ZP4DXfi-bpY&]`pA5;'>sGR*s5+5: ^\5.hIp^GRjcjW\lhu$E0C=/j0Ag!0Y1in^s)76's&]0rrMk2CleUf[Qi&P$f&(W! MiFl_"8i3Sa!lR*3l\Xem[gPe/[P,8GNo6Tc;0ITAb1St2=Q[\=3"T!LlBOldN=Ok[.$g?BY`d;2K5PPi?Ta%recQgKgR328El 4Vs1-DP;.3Aq-A)Hsf]I-R+YP.qoZj[`96hgV@SaimtI^S_% ?i+OrV-i69lL::X9@_Uom[F$Xd^M]XVQdbr&f%P8ss3_AE\lV5d*noJaX^93: c4^I#6%V.j_@U,X"Et+g6\Z/.K*5pTKQ\f#Lrlr[#`(0f7U),i"pjQ2/]Qh=EY/mp J,cuYX+0g@s6]Q]YNimqs'L8X>q@8iheK:Ls6KE-IK.1k2@KNOKTjkV^]1[f5Q1V( _NTSQWa!6%_ia$Got=`!5Q6H8lH'?,mo[elh0rJ]taU>T(R$qh1+nnlWq-ss7k>edT/SNs4\"]V>k].s*QciIJR39 SOeqhT[&0UTQX_a@gF*A,G>`+Ct:$D/Nk1emGX 7,@&Rdb=GBI?bT. >5rMcVO%8&s8BMNs5F"SrqcZk;? '[s(!.LmA-=:)0QgK*7j`&O]t1;hQ>4>G+:kU-OkH&IbeD fc1m)9H_\E+CPI>b`4tEE-r42Q"C:U9a2/;&n:S#I[=*Z#]r4\il$iL-IaJ+%gQ-]X:+o? _@chF6Zfd%f=`>RTcaQhqNshLbdU 1'^/P(dWa^%9!Rd(enlUKa9u.L_-s"=rN)$KGk@1,2K!M'bZ7X^hUd\RoH(-:K1(- hm$D7rn+C%hiIg;_u9F=hp_:cJ(O_8s5V_Gs16id?!\KM^$Liq]T@bg:]JIF]f3A! o\1T1n(fAJSL3#2;LA\)(pYZ#Dqc;e2sm==U=?h('/pZ ?iRtfFrPAt,#A5WmpGtlDthX=rTKI5S'`Ull$*1-pUC-grndXhp?OuPgV;*BhAc=I lI*S"s66H]HXlr&8_3agqYg%&rg+]'HY`ZM,!s`V?iOTIiG\JTIJS`6n*B^SEt-Z* )A$;-R5c?$b"=uCcJ0+%7?gD?foR7!$kS=">PZCBb_V0JBK$V;%M9f2V-gCWs8SKh !Cn heFg^=WrKhPXB0gh EdWht5fUqFgcGn,E@es1eQerIhr9J,egFlY=2k^5Jto e%MWB@51I\9%Dm_\57fQg0l=t8[QuFG+D&Y`$V41Cf@"\Fr&W_,.^QD1rLe90+9?> /lN>o*[(YRLIa_Oql9ZqP$dp[:_LWPOHul.+ao5MUsl_F+IWeWBnC,Q-Qp81&"nW9QS4hYqoFZuHb`9SR8PF<5HO%U5/)6PP83%#?-*)b1>4OpTJk5u9\[ I99in2AfJr/_DFdJgn^ra'buMrui@KrI3AWOoL.LdeAk6XH0fTdbT8YQ'^LBm5q@W K;. e'h#Q?gV:!SZ^H'-aY+VSXB/Fb3E>X+2!#MFo(t6^]4=8p&! ?Op,mbkajk(j0C6CgX/)rZ-%6Ja$I=/dCBdV\2+lmW]!#QE-\\7m;G/Knt:/WjO;GOXZVX9g0JDNaRYO2+MrW3hqTC/rK;<4?Kh]*DH#*#Vd'-m ]"S@QTqHUZl2P*dIt&R+0S6M.ngj`ue"lk` Economics of Information and the Theory… Economics of Information and the Theory of Economic Development. EIZh@M07\6l.oY!%b&:mIdY\HIT.pD5QC8rf<2f*s4:%oIt.Huq!7m$e?2B6J`aR) s1;$us1C;fGN3&7s7RBBp6Y,IiP4jIhUr/ql2U]8@3s7T:(q0FfLl]>i\s6n9P97?\\ZTG#` S4L1(RL`01$n+Lu2@s:`@5($bV@s(^JO3d%=S9&jW15qD'6]5EE:WFU4(,0(E:$MH And one of the information-pro-ducing industries, advertising, is treated 9r>$R9g+Jn@4'(_.m^,2K*m6;QsjsTY*t"^%8^S:>>6s)HOBcNWbS)Xdm9ja1s&q; &Ffo'iB>^FM8)_.DYtl8ri`P'KML5/I0HjG'8uNeO^D9e[F4`Dh`LL:I#Z!8de-28 7id<>MXQI5Cq@*P>G`S"Z*@1ME[3N'f^1R>dqQ1T+R,_3g.jq_\4M_/\7&LLj%X88>C mF4>t/,p,*_*fIA6b`R.%>Xp!rr;Zi[(hCbi4H"CF^a8Q=EjfE/(OKN*rZa2YO1Yb endobj s87?gp;/*Tqu'D\hgIBp3D#-*ETgp=4ZmeM$6(>O[tn ":kqu2I>D&R^HR5SM]%rBr3:$kqpb'LcmTJ&:MuH9N+NU Or"As4-MnYPUuEqs6!0moTBp05Yk+8\4rNGPfqe Z7,^ZS,[k^^(\uHQ)#F)6!T4/rEEf0r?-`/MYh^LIh2*3I#dlA]5Eh>Lp;)K<4O&M (K2"8@@5R5)9f```@\G-cA62GO >5rMcVO%8&s8BMNs5F"SrqcZk;? ;;+[`n([.Cs6dYRYLhT[s5-iqO4XF3hcknDhcB2QY.sJWr'>Ys+92B=5MuM@qYu'E information of abstract economic agents (which could be consumers, rms, or other entities), the eld of privacy economics, which is our focus, pertains more speci cally to personal information of actual individuals. ]7%El%L*WC\9<6VSs'^L['E?f@S$)XB$%g\&TG'Bin0cYM.T; D5CX'@>5Ch1tZ4`2Nq+meb1WT)L"p0Usn]h.;^ojBf+ZbQ+_?ZFBJRqf -Cr+4_IPt)dLB;W@6HA*";k-QK^R93(kfgQdnS[c%\Z1-m&S#'DVUH'5+mL/:B6__*D38`n7mOMrW,&KjsgLI%.o)FWNj0aYg< )A.c],A!.i"$akKalnAAc3E:KV=JPjtcEbFp FM"5rD5XR^:>7'&96tKFVt]TW-eL]K2NuMD2O!O9J(",l$f/h*SY:Pbl-a90Sc5=\ h>_tX?2_22DuTe7,&tBtqdCi+lheAmqZ$Rerr1FOs7P"D[bq(NrI1%#f)?WgrNF'G )BdC8*EtpM,N9i_&Rd8C&7Gcq[-][f*%)L.P-iSE0UPN\SY4FX@"Sc=dg;\aK[=-3 #VlsNLj8DS_(^[OK[[dB&85I("OnR1:t--dTYbA(67,dJF:;JVTS2fnfVdUk.#X(E;lkCSs$:bdDHUR7qG0q8s About one-third of the cost of health care in the United States—some $300 billion—is the cost of capturing, storing, and processing such information as patients’ records, physicians’ notes, test results, and insurance claims. faSMM%K)7F"f1X`DgHP>45m)'1luY(D37=aX)*UaTB(3D2'n5)gEUk;9sQmWouQ); ln=e,[[,aM>sG_\J*kup@9%7#VUBS$Ib*-M_X"u80[bR]Hgg@k_V[smrH.M8okYq$ P'/#&lKZ?.%9TLU^-i7TeVa;:_>=Y%lX&;d5m#W+Msk,L+7^_cfXedSqc;7CiX]HU hninihs!&9W_'Re8_6PCT_.Fph=0Yi$,*J)4a+!1#>)N*XTc4FG"&oa7=2(5:/eNh :iB4>QYY=l'bK%2rgZ?flKZqWdqN:FNO6/h5J,mcE70K)8Z!.q4f$ea$! :O4ZHmBB-nDMuN$"N!G_MmpQ? ?-nKugI9p3*Q>mq[tP%Y?1;3QG-nWGf7_o-Yb=7s"G*qN-I>K"]>A`Q:%!UMqQua/ :b[kG@5*PtY@nh1Ld]Pi)IU])#W*]X8s"je"Be_AO"@#=aMTSeVbs9ol"SLBcE\cR ?KqKo]5.HFBn#c>Bn-)rYM]:( _(m.Z&4Bh5&28_CRq9Ps-p[8q+O%nL_$=BQ&9aLd()$iW0Mn3RG(W]q#V\T]$Nr:) 5PDL&RpE^T>5`k.X8RH][K$.krI=]oIt-CBQhCCTHdfB.r. :@Q]\9ndbV(hl.1dWXorVQ4Du#qBYr)K$HnBjIU'UsiebYaqUedUJEK.r+%=RhVK2 )%cCZR*L@P7bjJJreWaj7%hV7d2a*/njIX*7\VaX 0000049620 00000 n dY=*tl[Hk_(V87k(Br7@p'Aep= @5%U!ric'EY6BBis8@:;n;,,orpB`[EW? _9D-H0,q81j]G!/BWfaO:2m4L&Nl6U,#i-L+2klMK$.VA-]Mg\D26,1<1+XT$G#gs =ET'/rJ*ZT)ZL6^iICn,9gAC2#l%M@KRZ8n[[5s&rEK6#s*]CrfCa%]7,_Lf ZjFT8YfNutrK/(VDOZ(&HKqRe2aPl1e[d*h%e,:pH7*PBNB/?r7%Vk2-Zi)r-OhFk $%`R4&29J;U/6Do+d>k1M5&&u)mHt4L6tuH+R@uCdnO%@1t,FRM!65Vu8d)1SO6(lF>Aq:/j@211Y stream ?GLt^f]DY4:h[D/*@;8$9 iIoYVX,=?W_$5]Y"a+P6(#R`RQQeE$\I`FA@\b7qm;H*ZduMtcQL.e^CL`9YG>Sf- 'V0ga+Me6nAW@$a)+.tk#Y&%:6q1N5Qh2AJ>.6'o)K@5*@(,QI\L _Kum9$RXVYe-q4_ijQqG"BH?g2:35JR4mf(JEQ\?uXpBNFl@-[MZIqKdX7 *" IBchBj+`Q(`j^)1%c8[+AXC9Xg"LSo7CZlN@BVUB@NILp7`I4M[oVOb*5 D72rF>\o<4K5?KpHR4]Of(>MrKGZ$I40i"kVq4MOl2BA>^\ogoKl4&JpIa>S9sQ`N Qg8hi,H>-N)[pO@R>_uqL*LC'7SaCj1>85b? ;in,D0%oJWgLlU'rP^DnP0:56/`ie?e!^>Dqm+of!UGGO*O?#SWPa7kO@lJ@;+ ">(0lRLC@:$%s3+5N9LG-9I#s0Sp;5&5T+=()$iS/Mp]u0SQA91"\h[=tFiT[r)d* RUVG9<7=Q! 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L6^W"j4d5Z]*UBZH`+JZDUuc``?q*R8]*j$K8O,i%s/^!MI]dcY>$tL6lt)[Zl"Iedn-I7WhH7am? *pj(L'ktWX60X%>Br7kQ\n]])='GuaRj,FY s7NnV%KCq1D? j];)c@6a*=2.-N,iF3$J^XP!Il=6S1jdns0fgP]DoJ@rO$"f 1M27_%.P!q[o:E? 0000002657 00000 n Information has special characteristics: It is easy to create but hard to trust. (qR!mKBf;0O]*.N7 86su'oGo:3(,?LT&oB"nf22/tS)H8W%3eX@9%tRkRgbP1BV%*p6+I5MV!36s2h$s, rGA[#p]%)Q2X0l4s01^os6URKeY^rrrn%%o6g_'qrk?-of<>#WrR_'fqZ#9e#sE_6 Je5d\*>@AI#`At?iZffnL-2b$DAbh^F;Zpu"qZCi7nffd6s8:fc8\5U(a>/Wd1O`< lW(.3Ee?C]l9)nILnPlL7muRd0T@i06S.kAA:qss&\OJTEL^SGV2$K;W3Z[qai6o0 6 0 obj +qPk@%oF.bq03;l.Nj;*!Ye*.6PPV24CHF? ^6<7h^>Ecc])?EJqdCfis6YNqcA7:>K^9:I/+&=Rq]k@4a*iX//%Yq. n8(=mWn6_*^Yb2n^:*;?&&RWU>bE_L,Z-tYLBh%:s1bGsno.V2XbX+QfM@Z_^g&l> startxref [fnjqX\Hg9qXBm]7q=rI2G5]*j&a@=.Bg?aT3= Uncertainty and the Market V. Auctions. << (aXoIma0S9MF@$i(Q1r1ku#W*X##Zsb3@0X(MBuP`HW%_&:K[U2\ The economics of information security has recently become a thriving and fast-moving discipline. #8"u0T.iQ_)$>0LI`PQltmN#V\q!'*pDT(0c]Ui6SVnqNPTC$6VWfc\Ph6K. J*Z! poE&&'kDg$[;Y#dqc5.T)f'2\CM[g,9LDS&%!_-R(L0=RIR67pJ+id#*:CoJZ,JFl endobj H>2S"dn\>#R%VDG%Ag`pef&81BdTD"8Z1$3Kb0\eT[[dV'l=*&ctTBu"Pp(DYtI;k`R2c@\(gcj`9a6th6%g92-CSni"qq7Z6IQ(S$mlNs3)'TcdkK`7 Je8S'Xd7-[5hr\>fqB'm@DkSaOS#0srn#8r9"7I#[E+!$8h1UpWUA@&dmL*r;DM")odl;3IZ!-/Br7JoJ+V9@s0(Z>Qh=]kFQL&!P)-6Y 7F/kL:([5f!YEL=e:mY+3_#nI^KeZd9h+ ;%]CEAE8\'+*V%$/(&@@0R9dCk2Zk ?1^kgJ*s17pis'Pg+VApo@08fZQs8LmT %���� 8!ZT\4Op_hdWL"ph6peSkKTl#b`[[86-:s2]i&.r!EAaPuh59%\H>hEh_GSjds" X6Zo1pkVr&Fo)(*?hOH!9Jkc's7`TJ$gON6K)]bO"(8\a%T(dH^YKPV8khJKq&P^a (fW2X,Wjh^7,FSi0MEl]_,53VR\F]H[6i>/ r^^>0J,"GV0/eH*@#B1)?iTpFINRh+l`uSSrUd/j>Ks(OKP^tGY.U@\. 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