The Dean of the School of Information Management and Systems at UC Berkeley, he also holds joint appointments with the Haas School of Business and the Department of Economics. His research involves the economics of information technology. When we talk about information goods, we mean anything that can be digitized . Text, pictures, moving images, sound, all the media that can be delivered over a digital connection. Some people call them digital goods.
Information goods have some interesting properties.
On the supply side there's normally a big fixed cost to create the first copy, of say a movie, and then a negligible cost to create additional copies. On the demand side, the interesting feature is that you don't really know what information is until after you've consumed it. So you have to experience it to know what it is. When you're selling information, you're dealing with how do you give free samples, how do you give part of it away, how do you establish a reputation so people will purchase the information you're providing, etc. etc. Another example is the National Academy of Sciences.