MI-3 Economic Consulting Services Inc. provides research/aggregation of asymmetric and symmetric information for clients seeking profit maximization through the acquisition and control of a variety of factors of production.
“Asymmetric Information” a state when one party to a transaction has more or better information that the other party.
“Symmetric Information” a state when both parties to a transaction have identical information.
“The knowledge-based economy” describes trends in advanced economies towards greater dependence on knowledge, information and high skill levels, and the increasing need for ready- access to these by the business and public sectors. The knowledge-based economy is a system of consumption and production that is based on intellectual capital. In particular, it refers to the ability to capitalize on basic and applied research. In a knowledge-based economy, a significant component of value consists of intangible assets.