Economic Development Quarterly

 

Advanced Search

Journal Navigation

Journal Home

Subscriptions

Archive

Contact Us

Table of Contents

Click here to learn more!

Click here for more information

Sign In to gain access to subscriptions and/or personal tools.
This Article
Right arrow Full Text (PDF)
Right arrow References
Right arrow Alert me when this article is cited
Right arrow Alert me if a correction is posted
Services
Right arrow Email this article to a friend
Right arrow Similar articles in this journal
Right arrow Similar articles in ISI Web of Science
Right arrow Alert me to new issues of the journal
Right arrow Add to Saved Citations
Right arrow Download to citation manager
Right arrowRequest Permissions
Right arrow Request Reprints
Right arrow Add to My Marked Citations
Citing Articles
Right arrow Citing Articles via ISI Web of Science (1)
Right arrow Citing Articles via Google Scholar
Google Scholar
Right arrow Articles by Scorsone, E.
Right arrow Articles by Weiler, S.
Right arrow Search for Related Content
Social Bookmarking
Add to CiteULike   Add to Connotea   Add to Del.icio.us   Add to Digg   Add to Reddit   Add to Technorati  
What's this?
Economic Development Quarterly, Vol. 18, No. 3, 303-313 (2004)
DOI: 10.1177/0891242404265139

New Markets as Informational Asymmetries

Eric Scorsone

University of Kentucky

Stephan Weiler

Federal Reserve Bank

The neglected advantages of "new markets" in marginalized rural and inner-city areas have been touted in the policy arena since the early 1990s. Althoughmuch of the motivation has been based on equity, there are potentially strong efficiency arguments for such renewed attention. This article proposes a unique combination of classic and more recent work on informational market failures to understand new markets as examples of informational asymmetries, which can provide the rationale for both private and public support of new market ventures. Furthermore, this perspective can help explain persistent intraregional differences in economic development prospects due to path dependencies inherent in varying informational settings.

Key Words: information asymmetry • new markets • economic development • market failure


Add to CiteULike CiteULike   Add to Connotea Connotea   Add to Del.icio.us Del.icio.us   Add to Digg Digg   Add to Reddit Reddit   Add to Technorati Technorati    What's this?