Affiliation:
1. University of Toronto and NBER.
2. Massachusetts Institute of Technology Sloan School of Management and NBER.
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)
Publisher
American Economic Association
Subject
Economics and Econometrics
Cited by
1067 articles.
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