• Computer Science
  • Published 2011

Information Economics and the Translation Profession

  title={Information Economics and the Translation Profession},
  author={Andy Lung Jan Chan},
This book uses the theoretical framework of information economics to analyze the translation profession. In particular, the economic concepts of asymmetric information and adverse selection are utilized. Due to the problem of asymmetric information, it is sometimes argued that when translation service buyers need to recruit new translators, they cannot effectively distinguish between a “good” translator and a “bad” one and hence tend to pay a price that is below the level when there is perfect… CONTINUE READING

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