Economics Dictionary of Arguments

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Information production: Information production refers to the process of creating, gathering, organizing, and disseminating knowledge or data. It involves generating information through research, data collection, analysis, and packaging it into usable formats like reports, articles, or databases. See also Information, Information economics, Asymmetry, Art, Artworks, Newspapers, Data, Knowledge, Culture, Communication.
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Annotation: The above characterizations of concepts are neither definitions nor exhausting presentations of problems related to them. Instead, they are intended to give a short introduction to the contributions below. – Lexicon of Arguments.

 
Author Concept Summary/Quotes Sources

Yochai Benkler on Information Production - Dictionary of Arguments

Benkler I 35
Information Production/Benkler: There are no noncommercial automobile manufacturers. There are no volunteer steel foundries. You would never choose to have your primary source of bread depend on voluntary contributions from others. Nevertheless, scientists working at noncommercial research institutes funded by nonprofit educational institutions and government grants produce most of our basic science. Widespread cooperative networks of volunteers write the software and standards that run most of the Internet and enable what we do with it.
I 36
Because welfare economics defines a market as producing a good efficiently only when it is pricing the good at its marginal cost, a good like information (and culture and knowledge are, for purposes of economics, forms of information), which can never be sold both
at a positive (greater than zero) price and at its marginal cost, is fundamentally a candidate for substantial nonmarket production.
I 37
Incentive: Authors and inventors or, more commonly, companies that contract with musicians and filmmakers, scientists, and engineers, will invest in research and create cultural goods because they expect to sell their information products. Over time, this incentive effect will give us more innovation and creativity, creativity, which will outweigh the inefficiency at any given moment caused by selling the information at above its marginal cost.
Nonrivalry (…) is not the only quirky characteristic of information production as an economic phenomenon. The other crucial quirkiness is that information is both input and output of its own production process.
>Information/Arrow
.
I 38
If we pass a law that regulates information production too strictly, allowing its beneficiaries to impose prices that are too high on today’s innovators, then we will have not only too little consumption of information today, but also too little production of new information for tomorrow.
>Information/Economic Theories, >Intellectual Property/Benkler, >Intellectual Property/Economic Theories.
I 39
Where does innovation and information production come from, then, if it does not come as much from intellectual-property-based market actors, as many generally believe? The answer is that it comes mostly from a mixture of (1) nonmarket sources - both state and non state - and (2) market actors whose business models do not depend on the regulatory framework of intellectual property.

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Explanation of symbols: Roman numerals indicate the source, arabic numerals indicate the page number. The corresponding books are indicated on the right hand side. ((s)…): Comment by the sender of the contribution. Translations: Dictionary of Arguments
The note [Concept/Author], [Author1]Vs[Author2] or [Author]Vs[term] resp. "problem:"/"solution:", "old:"/"new:" and "thesis:" is an addition from the Dictionary of Arguments. If a German edition is specified, the page numbers refer to this edition.

Benkler I
Yochai Benkler
The Wealth of Networks: How Social Production Transforms Markets and Freedom New Haven 2007


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