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- Title
Digital Economics†.
- Authors
Goldfarb, Avi; Tucker, Catherine
- 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 D24, D83, L86, O33, R41)
- Subjects
DIGITAL technology; DATA transmission systems; DIGITAL communications; INFORMATION technology; ECONOMIC activity
- Publication
Journal of Economic Literature, 2019, Vol 57, Issue 1, p3
- ISSN
0022-0515
- Publication type
Article
- DOI
10.1257/jel.20171452