This paper presents the results of our empirical research in measuring the size and structure of the US information economy in 1992 and 1997, and in assessing the growth experienced by different industries and sectors since Porat’s research on the US information economy in 1967. The study indicates that the share of the information economy in total GNP grew from about 46 percent in 1967 to abou...

Background & Objectives: Knowledge-based economy is one of the major parts of the resistance economy and is recognized as the essentials of the information technology age. As one of the most important educational units and the custodian of community health, universities of medical sciences play a pivotal role in the success of resistance economy based on the knowledge-based economy. Among the e...

We apply the private core and the private value to a dynamic economy and study the evolution of private core and private value allocations as individuals acquire information Ž . learn through time. In particular, a realized agreement in each period generates information that changes the underlying information structure in the economy. Since the private Ž . core value depends on the distribution...

We analyze the value of public information in a competitive endowment economy. We provide a global result that an early release of information about the future state of the economy is desired by all agents, or Pareto improving, if agents disagree about the prospect of the economy and asset markets are complete. We further prove that for certain levels of agents’ disagreement, all agents prefer ...

The internet economy (IE) is inherently tied to information systems which are based on internet technology and standards. Every aspect and research issue in the IE should be investigated from technical, sociological and economical viewpoints in order to reflect the interdisciplinary nature of the IE holistically. The subproject “Modelling hybrid Information Systems” concentrates on methodical i...

In a free-market economy of software agents, information is produced, traded, and consumed by vast numbers of autonomous , self-motivated agents. An essential task in this economy is the retailing or brokering of information, whereby information is gathered from the right producers and distributed to the right consumers. This paper investigates one crucial aspect of a broker's dynamical behavio...