Did Kenneth Arrow provide foundational work in the economics of information?
Yes
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Answer
Yes, Kenneth Arrow provided foundational work in the economics of information. In his seminal paper "The Economics of Information", Arrow (1962) demonstrated how information can be a public good, and how asymmetric information can lead to market failures. Arrow's work has had a profound impact on the field of economics, and has helped to shape our understanding of how information markets work.
Defying Economic Gravity: The Phenomenal Insights of Kenneth Arrow
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