Many of the so-called industrial nations are indeed experiencing a transition to an information-based economy, in the sense that ICE -information, communications, and entertainment -comprises an ever-greater share of GDP. In this brave new world, the economics of networks takes on greater importance in comparison with traditional economies of scale. This paper explores the implications of the s...

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This paper is a high-level technical overview of the impact of cryptography on the computing and communications industries, with emphasis on the implications of the Administration’s recent cryptography policy initiatives. It represents the best judgement of its author, and does not necessarily reflect the position of AT&T or any other organization. We argue that unless a fundamental change is m...

Three processes related to the information economy have been unfolding concurrently, each according to its own dynamics and speed. A series of alternative conceptualizations of the information economy has emerged. The subfield of the economics of information is coalescing out of the merging and expansion of several strands of work in the literatures of economics. And empirical developments incl...

Improvements in information processing technology, and in communications are likely to transform many aspects of economic life, but likely no sector of the economy will be more profoundly affected than the financial sector. Financial markets are rapidly becoming better connected with one another, the costs of trading in them are falling, and market participants now have access to more informati...

Nowadays, the information in the field of Chinese rural economy circulation is not only plentiful but complicated. The current network information technology is insufficient when dealing with the supply-demand relationship, and it cannot fundamentally meet the real needs of rural economy. Based on the current situation of rural economy, this paper puts forward ways to establish, using computers...

This paper measures the size and structure of the U.S. information economy in 1992 and compares them with Marc Porat’s measures for 1967[4]. It also examines the magnitude and growth of the information components of the service sector over the years. The results of this study highlight the importance of information in the U.S. economy. It also documents interesting facts about the growth and co...

This paper relates welfare economy and rough sets as information structure. We reconsider the fundamental welfare theorem for a pure exchange economy under uncertainty from the logical point of view in data mining theory; the traders are assumed to have a multi-modal logic of belief and to make their decision under uncertainty represented by rough sets. We propose a generalized notion of ration...

Objective of the Study: Despite critical role and impact information economy in modern world, dimensions components this multi-faceted concept remain understudied unknown. The complexity vagueness its has made it challenging, especially for developing countries, to create value wealth from appropriate usage information. This study aims identify at micro macro level.Methodology/Approach: A syste...