Economics of information in information science

Aatto J. Repo

Research output: Book/ReportReportProfessional

Abstract

The report describes and analyzes studies on the economics of information during the past two decades from the point of view of the library and information service community. First, some of the basic concepts and issues of importance are described and defined briefly. Empirical studies on the economics of information are presented in nine categories: (1) costs of information products and services; (2) price of information; (3) evaluation of effectiveness and efficiency of library and information services; (4) cost-benefit analysis of information transfer, (5) value of information (case-studies); (6) information service as a value-added process; (7) economics of information retrieval; (8) macro-economic studies of information and productivity; and (9) economics of information processing. Some comments on the need for future research in the area are also presented: basic information on international and national information markets; awareness of costs and benefits of services within the library and information service community; and case-studies of the value of information within the organizations.
Original languageEnglish
Place of PublicationEspoo
PublisherVTT Technical Research Centre of Finland
Number of pages64
ISBN (Print)951-38-2760-7
Publication statusPublished - 1986
MoE publication typeD4 Published development or research report or study

Publication series

NameTiedotteita / Valtion teknillinen tutkimuskeskus
PublisherVTT
Volume645

Fingerprint

economics
science
information processing
cost-benefit analysis
macroeconomics
cost
productivity
market
information service
library service
services

Keywords

  • information services
  • information systems
  • libraries
  • economic analysis
  • benefit cost
  • analysis

Cite this

Repo, A. J. (1986). Economics of information in information science. Espoo: VTT Technical Research Centre of Finland. Valtion teknillinen tutkimuskeskus. Tiedotteita, No. 645
Repo, Aatto J. / Economics of information in information science. Espoo : VTT Technical Research Centre of Finland, 1986. 64 p. (Valtion teknillinen tutkimuskeskus. Tiedotteita; No. 645).
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Repo, AJ 1986, Economics of information in information science. Valtion teknillinen tutkimuskeskus. Tiedotteita, no. 645, VTT Technical Research Centre of Finland, Espoo.

Economics of information in information science. / Repo, Aatto J.

Espoo : VTT Technical Research Centre of Finland, 1986. 64 p. (Valtion teknillinen tutkimuskeskus. Tiedotteita; No. 645).

Research output: Book/ReportReportProfessional

TY - BOOK

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AB - The report describes and analyzes studies on the economics of information during the past two decades from the point of view of the library and information service community. First, some of the basic concepts and issues of importance are described and defined briefly. Empirical studies on the economics of information are presented in nine categories: (1) costs of information products and services; (2) price of information; (3) evaluation of effectiveness and efficiency of library and information services; (4) cost-benefit analysis of information transfer, (5) value of information (case-studies); (6) information service as a value-added process; (7) economics of information retrieval; (8) macro-economic studies of information and productivity; and (9) economics of information processing. Some comments on the need for future research in the area are also presented: basic information on international and national information markets; awareness of costs and benefits of services within the library and information service community; and case-studies of the value of information within the organizations.

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Repo AJ. Economics of information in information science. Espoo: VTT Technical Research Centre of Finland, 1986. 64 p. (Valtion teknillinen tutkimuskeskus. Tiedotteita; No. 645).