Digital Economics

Author(s)
Goldfarb, Avi; Tucker, Catherine
Thumbnail
DownloadPublished version (897.2Kb)
Publisher Policy
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.
Metadata
Show full item record
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.
Date issued
2019
URI
https://hdl.handle.net/1721.1/134403
Department
Sloan School of Management
Journal
Journal of Economic Literature
Publisher
American Economic Association
Collections