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Gurus and OraclesThe Marketing of Information$
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Miklos Sarvary

Print publication date: 2011

Print ISBN-13: 9780262016940

Published to MIT Press Scholarship Online: August 2013

DOI: 10.7551/mitpress/9780262016940.001.0001

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Is There a Market for Information?

Is There a Market for Information?

(p.3) 1 Is There a Market for Information?
Gurus and Oracles

Miklos Sarvary

The MIT Press

This chapter examines whether a proper market for information can exist. It offers arguments against the features information products that make them unsuitable for sale: that information does not really get “used” or destroyed when it is “consumed” and that it is likely to get revealed in its users’ actions. It also suggests that the proper functioning of the information market is governed by the fact that ownership of information can be protected by copyright laws and that private information does not get revealed in people’s actions.

Keywords:   market for information, information products, ownership of information, copyright laws, private information

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