The value of information in markets and in the corporate world

The value of information in markets and in the corporate world

Abstract:

Information leads to knowledge, and having good knowledge is essential for making right decisions. Well-known economists have reflected on the importance of information in decision-making and how economic models address these issues. The paper discusses the use of information to reduce risk or how it is used for resource allocation. It also talks about information and decision-making in companies or markets.

The reader will understand the importance of the topic and its influence on society. The authors show their preference, whenever possible, for bringing decision-making capacity as close as possible to those who experience the problem, where the best information is usually found.

Keywords: Information, allocation, market, companies, transparency, subsidiarity.