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Limited Attention as a Scarce Resource in Information‐Rich Economies

Datos Bibliográficos

ID9710404
AutoresJosef Falkinger (University of Zurich, autor de correspondencia)
Año2008
Volumen118
Número532
Páginas1596-1620
Fecha de publicación2008-10-01
Peer ReviewedSí
Open AccessSí
TipoARTICLE
RevistaThe Economic Journal (JOURNAL)
Identificadores de la revistaISSN: 0013-0133 • E-ISSN: 1468-0297
EditorialOxford University Press (OUP) (PUBLISHER)
DOI10.1111/j.1468-0297.2008.02182.x
OpenAlexW2003333762
IdiomaEN
Citas recibidas24
Referencias citadas21

This article uses basic facts from the psychology of attention to show how the limited attention of consumers affects economic competition. The article determines endogenously whether an economy is information rich or information poor. A conventional economic equilibrium results if subjects have spare attention capacity. At the positive level, the respective impacts of advances in information technology, international integration and the media on equilibrium diversity and level of attention-seeking activities are shown. At the normative level, the issues of welfare, efficiency and optimal policy interventions are addressed

Economic history · Economics · Economy · Market economy · Political science · Resource (disambiguation) · Scarcity · Computer Science · Consumer Market Behavior and Pricing · Digital Platforms and Economics · History · Innovation Diffusion and Forecasting

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Obras citantes distintas24
Citas por año1,5
Intervalo de citas2010 - 2026 (17)
Velocidad de citacióncurrent
Altamente citadoNo
Tipos de citaNeutras: 24
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