Digital Economics

Avi Goldfarb and Catherine Tucker

No 23684, NBER Working Papers from National Bureau of Economic Research, Inc

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.

JEL-codes: L81 L86 O33 (search for similar items in EconPapers)
Date: 2017-08
New Economics Papers: this item is included in nep-ict, nep-ino, nep-ore and nep-pay
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Published as Avi Goldfarb & Catherine Tucker, 2019. "Digital Economics," Journal of Economic Literature, vol 57(1), pages 3-43.

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Journal Article: Digital Economics (2019)
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