Proceedings of the International Scientific Conference "Competitive, Sustainable and Secure Development of the Regional Economy: Response to Global Challenges" (CSSDRE 2018)

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Influence of information asymmetry on sustainability and changeability of region’s economy

Authors
Elena Gushchina, Elena Vitalyeva, Sergey Volkov
Corresponding Author
Elena Gushchina
Available Online May 2018.
DOI
10.2991/cssdre-18.2018.23How to use a DOI?
Keywords
information asymmetry, negative effects, stability, changeability, regional socio-economic development
Abstract

A region is an open socio-economic system specified by its interaction with external environment. Regulating such complicated systems is associated with choosing the best management decision from a set of possible variants. Although there are new progressive approaches to revealing and solving the problems of administrating the territories of the Russian Federation by developing new strategies of socio-economic development, this procedure preserves some inertial symptoms caused by the problems of information support and exchange. The resulting information asymmetry increases transactional expenses, puts obstacles in the way of economic agents to the best decision and prevents them from allocating required resources, and contributes to the emergence of different types of risks. The article analyzes how the negative effects of information asymmetry influence both the stability and changeability of Russian territories’ socio-economic development. Theoretical and methodological approaches to investigating the mechanism of response to and recovery from the asymmetry are proposed.

Copyright
© 2018, the Authors. Published by Atlantis Press.
Open Access
This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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Volume Title
Proceedings of the International Scientific Conference "Competitive, Sustainable and Secure Development of the Regional Economy: Response to Global Challenges" (CSSDRE 2018)
Series
Advances in Economics, Business and Management Research
Publication Date
May 2018
ISBN
978-94-6252-514-6
ISSN
2352-5428
DOI
10.2991/cssdre-18.2018.23How to use a DOI?
Copyright
© 2018, the Authors. Published by Atlantis Press.
Open Access
This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

Cite this article

risenwbib
TY  - CONF
AU  - Elena Gushchina
AU  - Elena Vitalyeva
AU  - Sergey Volkov
PY  - 2018/05
DA  - 2018/05
TI  - Influence of information asymmetry on sustainability and changeability of region’s economy
BT  - Proceedings of the International Scientific Conference "Competitive, Sustainable and Secure Development of the Regional Economy: Response to Global Challenges" (CSSDRE 2018)
PB  - Atlantis Press
SP  - 105
EP  - 108
SN  - 2352-5428
UR  - https://doi.org/10.2991/cssdre-18.2018.23
DO  - 10.2991/cssdre-18.2018.23
ID  - Gushchina2018/05
ER  -