A Macroeconomic Aspect of IoT Services: Their Marginal Costs

Takafumi Mizuno ()
Additional contact information
Takafumi Mizuno: Meijo University

Chapter Chapter 5 in Internet of Things, 2021, pp 85-92 from Springer

Abstract: Abstract In macroeconomics, “information” is a copiable product with no additional cost. Despite services on IoT (Internet of Things) treat information, their scalabilities are smaller than other information products. In this chapter, I model IoT services as a composition of information, devices, and electricity and point out that the existence of devices and electricity prevents reducing marginal costs of the services. I mention that the informatization of the computer industry in the past was the replacement of accounting subjects. And I describe that design to scale IoT services is to develop incentives letting others shoulder the costs of devices and electricity.

Keywords: Informatization; Marginal cost; Blockchain; Service science (search for similar items in EconPapers)
Date: 2021
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:spr:isochp:978-3-030-70478-0_5

Ordering information: This item can be ordered from
http://www.springer.com/9783030704780

DOI: 10.1007/978-3-030-70478-0_5

Access Statistics for this chapter

More chapters in International Series in Operations Research & Management Science from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().