INFORMATION PROBLEMS OF PUBLIC GOODS PRODUCTION // BSU bulletin. Economy and Management. - 2018. №2. . - С. 68-75.

INFORMATION PROBLEMS OF PUBLIC GOODS PRODUCTION

DOI: 10.18101/2304-4446-2018-2-68-75 UDK: 338.012

The article is devoted to the problems of creating public goods, caused by the infor- mation asymmetry between the participants of this process. We consider the condi- tions for achievement of the optimum volume of public-goods production. It has been revealed that its effectiveness is influenced by three groups of problems: the problems that impede determining true preferences of the consumers of public goods; the prob- lems of motivating state agents to optimal satisfaction of their needs; the problems of effective work with the information from the bureaucratic apparatus. At the same time, the first group is connected with information asymmetry in favor of the population, and the second — in favor of state agents. In addition, the article reveals the theoreti- cal approaches to solution of these problems and shows their limitations. In particular, it is noted that one of the main factors of information effectiveness of the governmen- tal activity is the work of independent mass media.

information asymmetry; state agents; bureaucracy; groups with special in- terests; opportunism; a public good; information; external effects; a state; principal.