Towards the general theory of information asymmetry

Research output: Book chapter/Published conference paperChapter (peer-reviewed)peer-review

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Abstract

Information imperfections of various kinds are present around us and information asymmetry is one such kind. The phrase “information imperfection” indicates information which is less than ideal for many conceivable reasons. The concept of “information asymmetry” is different, and indicates the presence of more information at one end of an informational distribution. The purpose of this chapter is not to provide a literature review of information asymmetry but to (1) build on previous work, (2) suggest a set of concepts, and (3) describe examples of information asymmetries in order to propose a framework for a general theory of information asymmetry. To this end, this chapter provides a brief overview of the concepts of information asymmetry and information imperfection. It also proposes a set of four concepts considered to be of importance in understanding information asymmetry; describes two major categories of information asymmetries; discusses different types of informational disturbances; and finally discusses the potential effects of information asymmetries.
Original languageEnglish
Title of host publicationInformation seeking behavior and technology adoption
Subtitle of host publicationTheories and trends
EditorsMohammed Nasse Al- Al-Suqri, Ali Sail Al- Al-Aufi
Place of PublicationUnited States
PublisherIGI Global
Chapter8
Pages124-135
Number of pages12
Edition1st
ISBN (Electronic) 9781466681576
ISBN (Print)9781466681569
DOIs
Publication statusPublished - 2015

Publication series

NameAdvances in Knowledge Acquisition, Transfer, and Management (AKATM)

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