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A key issue in the economics of digitization is the economic value of Internet-based services. The motivation for this question is two-fold. First, economists are interested in understanding digitization related policies such as network infrastructure investment and subsidies for Internet access.
Information economics or the economics of information is the branch of microeconomics that studies how information and information systems affect an economy and economic decisions. [ 1 ] One application considers information embodied in certain types of commodities that are "expensive to produce but cheap to reproduce."
Platform economy visualization. The platform economy encompasses economic and social activities facilitated by digital platforms. [1] These platforms — such as Amazon, Airbnb, Uber, Microsoft and Google — serve as intermediaries between various groups of users, enabling interactions, transactions, collaboration, and innovation. The platform ...
Exchange theory explains how economic transactions, trade in favor, communication of information, or other exchanges are affected by the structure of the relationships among the involved participants. [2] The main idea is that the act of exchange is influenced by the agents’ opportunities and their environment.
A version of this post first appeared on TKer.co. Stocks closed higher last week with the S&P 500 gaining 2.3%. The index is now up 15.9% year to date, up 24.4% from its October 12 closing low of ...
The term digital economy came into use during the early 1990s. For example, many academic papers were published by New York University’s Center for Digital Economy Research. The term was the title of Don Tapscott's 1995 book, The Digital Economy: Promise and Peril in the Age of Networked Intelligence.
Related to these are various of the economic puzzles, concerning phenomena similarly contradicting the theory. The equity premium puzzle , as one example, arises in that the difference between the observed returns on stocks as compared to government bonds is consistently higher than the risk premium rational equity investors should demand, an ...
The network economy is the emerging economic order within the information society.The name stems from a key attribute - products and services are created and value is added through social networks operating on large or global scales.