Economía de la información y mercados financieros. Interpretación del pensamiento de Stiglitz

Abstract

Information is a determining factor for the decision making of economic agents, while the information economics has emerged as an alternative approach to study markets. This paper is aimed to analyze main basis of the information economics, based on the postulates of Stiglitz, in order to explain the mechanism under which financial markets operate empirically. Methodologically, the study was based on hermeneutics as a technique that bases the analysis of discourse. Main findings revealed the occurrence of problems of asymmetry and lack of transparency of information in financial markets, as well as the need to establish better regulatory mechanisms. Thus, by reducing both problems, regulation may contribute to generate greater stability in such markets.