Journal of Economic Literature Vol. 57 No. 1 2019

Digital Economics

Avi Goldfarb¹; Catherine E. Tucker²

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.

DOI

10.1257/jel.20171452

Volume

57

Issue

1

Pages

3-43

Language

en

Sources

openalex crossref

Cite

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