Why do People Pay for Information?

This paper investigates the situations where there are incentives for people to pay a premium over the channel costs for information content. It concludes that there are at least four: premium low relative to channel costs and monopoly, which are less interesting as they are not specific to information; where the information need is idiosyncratic; and where the quality of the information source is critical.

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Year of publication:	2001
Authors:	Colomb, Robert
Published in:	Prometheus. - Taylor & Francis Journals, ISSN 0810-9028. - Vol. 19.2001, 1, p. 45-53
Publisher:	Taylor & Francis Journals
Subject:	Codification \| Costs \| Information \| Information Economics \| Price

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Extent:	text/html
Type of publication:	Article
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10009189101