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This book develops a general theory of how information asymmetries drive value creation in markets, industries, and economies. Roels argues that markets evolve not despite, but because of persistent asymmetries of information: firms create, maintain, and exploit information gaps, and the value (or cost) of information can be formally measured using concepts derived from statistical entropy. The book bridges evolutionary economics, information theory, and industrial economics, offering a formal but accessible framework to understand how firms, industries, and entire economies dynamically evolve over time.
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Publisher: IOS Press
Publishing Year: 2010
ISBN: 978‑1‑60750‑479‑5
Pages: 169