Digital Economics
Name
jel.20171452.pdf
Description
Published version
Size
897.28 KB
Format
Adobe PDF
Checksum (MD5)
4f60ab8e4ffef55bdece6c7dd467929a
Author(s)
Goldfarb, Avi
Tucker, Catherine
Date Issued
2019
Journal
Journal of Economic Literature
Publisher
American Economic Association
Version
Final published version
Abstract
© 2019 American Economic Association. All rights reserved. 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.
MIT Department
Sloan School of Management
Terms of Use
Article is made available in accordance with the publisher's policy and may be subject to US copyright law. Please refer to the publisher's site for terms of use.
Persistent DSpace Link
DOI of Published Version
https://doi.org/10.1257/JEL.20171452
