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Joseph E. Stiglitz

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I recognized that information was, in many respects, like a public good, and it was this insight that made it clear to me that it was unlikely that the private market would provide efficient resource allocations whenever information was endogenous.

 
Joseph E. Stiglitz

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But right now, the key is to make sure that the public is following instructions. For those of you who still need additional information about how to respond, you can go to Ready.gov -- that’s Ready.gov. And that website should provide you with all the information that your family needs in terms of how you can prepare for this storm.

 
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I suppose I ought to think up some dramatic, quotable phrase for Public Information and the history books, but I'm damned if any of them come to mind. Besides, admitting the truth wouldn't sound too good (...) The truth, Russell, is that now the moment's here, I'm scared shitless. Somehow I don't think even Public Information could turn that into good copy.

 
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An early insight in my work on the economics of information concerned the problem of appropriability — the difficulty that those who pay for information have in getting returns.

 
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In order to preserve a balance, while we aren't planning to build a missile defence of our own, as it's very expensive and its efficiency is not quite clear yet, we have to develop offensive strike systems. They(US) should give us all the information about the missile defence, and we will be ready then to provide some information about offensive weapons.

 
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