Chapter

The Availability of Market Information

G. B. Richardson

in Information and Investment

Second edition

Published in print July 1997 | ISBN: 9780198292432
Published online November 2003 | e-ISBN: 9780191596810 | DOI: http://dx.doi.org/10.1093/0198292430.003.0002
 The Availability of Market Information

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If all firms were equally aware of a profit opportunity and equally able and ready to respond to it, then the opportunity would be available to none of them in particular. A firm will invest in response to an opportunity, only if it has market information enabling it to set limits to the likely volume of forthcoming competitive investment.

Keywords: scientism; market information; Pareto; perfect competition; technical information

Chapter.  6880 words. 

Subjects: Microeconomics

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