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      Prometheus is published by Pluto Journals, an Open Access publisher. This means that everyone has free and unlimited access to the full-text of all articles from our international collection of social science journals. Furthermore Pluto Journals authors don’t pay article processing charges (APCs).

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      Prometheus

      Volume 19, Issue 1
       
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      • Abstract: found
      • Article: found
      Is Open Access

      Why do People Pay for Information?

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      research-article
      Author(s):
      Publication date (Print):
      Journal: Prometheus
      Publisher: Pluto Journals
      Keywords: Codification, Costs, Information, Information Economics, Price
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            Abstract

            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.

            Content

            Author and article information

            Journal
            Journal ID (publisher-id): cpro20
            Journal ID (archive): CPRO
            Title: Prometheus
            Subtitle: Critical Studies in Innovation
            Publisher: Pluto Journals
            ISSN (Print): 0810-9028
            ISSN (Electronic): 1470-1030
            Publication date (Print): March 2001
            Volume: 19
            Issue: 1
            Pages: 45-53
            Article
            Publisher ID: 10032409 Coden ID: Prometheus, Vol. 19, No. 1, March 2001, pp. 45-53
            DOI: 10.1080/08109020110040888
            SO-VID: 03667ae6-9c32-4f5e-afbd-f4f9dfc3fb1d
            Copyright © Copyright Taylor & Francis Group, LLC
            License:

            All content is freely available without charge to users or their institutions. Users are allowed to read, download, copy, distribute, print, search, or link to the full texts of the articles in this journal without asking prior permission of the publisher or the author. Articles published in the journal are distributed under a http://creativecommons.org/licenses/by/4.0/.

            History
            Page count
            Figures: 0, Tables: 0, References: 13, Pages: 9
            Categories
            Subject: Original Articles

            ScienceOpen disciplines: Computer science,Arts,Social & Behavioral Sciences,Law,History,Economics
            Keywords: Costs,Codification,Information,Price,Information Economics

            References

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            2. Sveiby K. E.. 1997. . The New Organisational Wealth: Managing and Measuring Knowledge Based Assets . , San Francisco : : Berrett-Koehler. .

            3. Mandeville T. D.. 1996. . Understanding Novelty: Information . , Ablex : : Technological Change and the Patent System. .

            4. Lamberton D. M.. 1986. . 'Information economic analysis and public policy'. . Prometheus . , Vol. 4((1)): 175

            5. 1966. . The Open Society and its Enemies . , Vol. Volume 1. , p. 31ff London : : Routledge and Kegan Paul. .

            6. Lamberton D. M.. 1984. . “'The economics of information and organisation'. ”. In Annual Review of Information Science and Technology (ARIST) . , Vol. Vol. 19. , p. 18 New York : : Knowledge Industry Publishers. .

            7. Latour Bruno. . 1987. . Science in Action . , Boston , MA : : Harvard University Press. .

            8. Arrow K. J.. 1974. . The Limits of Organization . , p. 37ff New York : : W. W. Norton. .

            10. Checkland P. and Howell S.. 1998. . Information, Systems and Information Systems: Making Sense of the Field . , Chichester : : Wiley. .

            11. Arrow K.J.. 1984. . The Economics of Information: Collected Papers . , Vol. Vol. 4. , p. 137p. 162 Oxford : : Blackwell. .

            12. Simon H.. 1978. . On how to decide what to do'. . Bell Journal of Economics . , Vol. 9((2)): 494––507. .

            13. 1999. . The Australian . , 1 July;: 34

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