The results show that, in instances where similar items were compared and the information costs
were lower, consumers preferred to select the item which provided the easiest access to further information, regardless of whether the other product was superior, as they felt more confident with their decision.
After years of effort, the Global Information Network has centralized information costs
, established global information strategies and standardized purchase protocols.
But that information costs
nothing from the DVLA and organisations such as the AA.
The tool is free of charge, thereby reducing information costs
and allowing users to seize available trade opportunities.
When information costs
are high, the design of self-revelation contracts implies that low interest rates are available only for small amounts of debt.
It also modifies the influential theory that property law is heavily shaped by problems of high information costs
: while existing accounts seem to suppose that property law entails relatively high information costs
because it imposes a relatively broad set of duties on others, many of the information cost
problems identified in the literature actually result from the mutual exclusivity problem, rather than from the breadth of property duties.
Worldwide information and Communication Technology (ICT) is proving instrumental in modernizing governance, increasing transparency and reducing information costs
along the value chain for businesses.
For example, NAV discounts tend to be larger for smaller funds and smaller transactions, where the information costs
per dollar invested are higher.
Smith's modularity framework is based on information costs
It helps organization manage information risks, reduce information costs
, and maximize business benefits.
This Article uses auction theory principles and the related concept of information costs
to correlate deal protection devices to the pre-signing sale process in change of control transactions.