impacted informationthe degree to which information is known to some parties to a CONTRACT but not known to other parties to the contract. Information impactedness is a characteristic of TRANSACTIONS in which the parties to a contract are inclined to operate opportunistically in the presence of uncertainty and complexity surrounding the contract.
Information impactedness tends to result when information is costly and information is asymmetrically distributed
(see ASYMMETRY OF INFORMATION).
Collins Dictionary of Economics, 4th ed. © C. Pass, B. Lowes, L. Davies 2005