The Value of Information in Production Economies

On the Impossibility of Informationally Efficient Markets

Sanford J. Grossman · RePEc: Research Papers in Economics · 1980 · 5.3K citations

Social Sciences, Economics, Information Theory +9

On the Impossibility of Informationally Efficient Markets

Joseph E. Stiglitz, Sanford J. Grossman · Columbia Academic Commons (Columbia University) · 1980 · 3.7K citations · Full text

Social Sciences, Economics, Information Theory +9

Equivalent Comparisons of Experiments

David Blackwell · The Annals of Mathematical Statistics · 1953 · 1.5K citations · Full text

Business, Decision Sciences, Mathematics +10

The Private and Social Value of Information and the Reward to Inventive Activity

Jack Hirshleifer · American Economic Review · 1971 · 1.4K citations

Social Sciences, Economics, Behavioral Economics +11

On the optimality of equilibrium when the market structure is incomplete

Oliver Hart · Journal of Economic Theory · 1975 · 760 citations

Social Sciences, Economics, Industrial Organization +11