ERIC Number: ED395584
Record Type: RIE
Publication Date: 1996
Reference Count: N/A
The Economics of Information: A Guide to Economic and Cost-Benefit Analysis for Information Professionals. Library and Information Science Text Series.
Kingma, Bruce R.
This book provides readers with an introduction to economics and cost-benefit analysis and will be particularly valuable to individuals who are, or plan to be, managers of information services in academic, public, or special libraries. Part 1 provides a rational for economic studies in librarianship, specifically, gaining understanding of consumer theory and market demand, the cost of output and market supply, and market equilibrium and economic efficiency. Part 2 narrows the focus to information markets and sources of potential market failure, including discussions of positive and negative externalities and information markets, monopolistic pricing and other effects of noncompetitive markets, imperfect information, and information as a public good versus information as a commodity. Part 3 advises on cost-benefit analysis in libraries with regard to user fees, measuring the value of time, and resource sharing. Three appendixes offer practice exercises in cost-benefit analysis. (Contains 179 references.) (BEW)
Descriptors: Consumer Economics, Cost Effectiveness, Decision Making, Economic Factors, Efficiency, Failure, Fees, Free Enterprise System, Information Science, Library Administration, Shared Library Resources, Supply and Demand
Libraries Unlimited, Inc., P.O. Box 6633, Englewood, CO 80155-6633 ($35; $42 outside North America).
Publication Type: Books; Guides - Non-Classroom
Education Level: N/A
Audience: Media Staff; Policymakers; Students; Practitioners
Authoring Institution: N/A
Identifiers: Economics of Information; Market Analysis; Market Equilibrium; Monopoly