Economic Analysis of the Digital Economy

Economic Analysis of the Digital Economy

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There is a small and growing literature that explores the impact of digitization in a variety of contexts, but its economic consequences, surprisingly, remain poorly understood. This volume aims to set the agenda for research in the economics of digitization, with each chapter identifying a promising area of research. Economics of Digitizationidentifies urgent topics with research already underway that warrant further exploration from economists. In addition to the growing importance of digitization itself, digital technologies have some features that suggest that many well-studied economic models may not apply and, indeed, so many aspects of the digital economy throw normal economics in a loop.Economics of Digitization will be one of the first to focus on the economic implications of digitization and to bring together leading scholars in the economics of digitization to explore emerging research.... Noble) to conduct searches, and (2) searching within closed systems (e.g., Kindle or Nook) to purchase books. ... Hu and Smith (2013) use a natural experiment to analyze the effect of e-book availability on sales of physical books and find that ... The prices used are average prices across books within format and across bookstores, so the variation reflects changes over time. E-books are on average less expensive than hardcover books, but slightly more expensive than paperbacks.

Title:Economic Analysis of the Digital Economy
Author:Avi Goldfarb, Shane M. Greenstein, Catherine E. Tucker
Publisher:University of Chicago Press - 2015-05-08


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