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Digital Economics

Author

Listed:
  • Avi Goldfarb
  • Catherine Tucker

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

  • Avi Goldfarb & Catherine Tucker, 2017. "Digital Economics," NBER Working Papers 23684, National Bureau of Economic Research, Inc.
  • Handle: RePEc:nbr:nberwo:23684
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    Cited by:

    1. Bruno S. Frey, 2017. "Digitization, Measurement and the Unmeasurable," CESifo Working Paper Series 6783, CESifo Group Munich.

    More about this item

    JEL classification:

    • L81 - Industrial Organization - - Industry Studies: Services - - - Retail and Wholesale Trade; e-Commerce
    • L86 - Industrial Organization - - Industry Studies: Services - - - Information and Internet Services; Computer Software
    • O33 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Technological Change: Choices and Consequences; Diffusion Processes

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