Digital Economics
91 Pages Posted: 21 Aug 2017 Last revised: 20 Mar 2022
Date Written: August 2017
Abstract
Digital technology is the representation of information in bits. This technology has reduced the cost of storage, computation, and transmission of data. Research on digital economics examines whether and how digital technology changes economic activity. In this review, we emphasize the reduction in five distinct economic costs associated with digital economic activity: Search costs, replication costs, transportation costs, tracking costs, and verification costs.
Suggested Citation: Suggested Citation
Goldfarb, Avi and Tucker, Catherine E., Digital Economics (August 2017). NBER Working Paper No. w23684, Available at SSRN: https://ssrn.com/abstract=3023079
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