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Economic Analysis of the Digital Economy
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Economic Analysis of the Digital Economy

Avi Goldfarb, Shane M. Greenstein, and Catherine E. Tucker

Abstract

The rapid decline in the cost of storage, computation, and transmission of data has changed how firms operate and has altered the kinds of products and goods being sold. Increasingly, economic activity is digital. This volume aims to set an agenda for future research in the economics of digitization. Each chapter identifies a promising area of research related to the rise of digital technology, touching topics in areas such as the economics of internet infrastructure, leisure time, search, prediction, labor markets, and advertising. Research on the economics of digitization is distinguished by ... More

Keywords: digitization, information technology, technology policy, internet supply and demand, economic frictions

Bibliographic Information

Print publication date: 2015 Print ISBN-13: 9780226206844
Published to Chicago Scholarship Online: September 2015 DOI:10.7208/chicago/9780226206981.001.0001

Authors

Affiliations are at time of print publication.

Avi Goldfarb, editor
University of Toronto

Shane M. Greenstein, editor

Catherine E. Tucker, editor
MIT Sloan School of Management

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Contents

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Introduction

Avi Goldfarb, Shane M. Greenstein, and Catherine E. Tucker

I Internet Supply and Demand

II Digitization, Economic Frictions, and New Markets

3 The Future of Prediction

Lynn Wu and Erik Brynjolfsson

5 Searching for Physical and Digital Media

Michael R. Baye, Babur De los Santos, and Matthijs R. Wildenbeest

6 Ideology and Online News

Matthew Gentzkow and Jesse M. Shapiro

7 Measuring the Effects of Advertising

Randall Lewis, Justin M. Rao, and David H. Reiley

8 Digitization and the Contract Labor Market

Ajay Agrawal, John Horton, Nicola Lacetera, and Elizabeth Lyons

9 Some Economics of Private Digital Currency

Joshua S. Gans and Hanna Halaburda

III Government Policy and Digitization

10 Estimation of Treatment Effects from Combined Data

Tatiana Komarova, Denis Nekipelov, and Evgeny Yakovlev

11 Information Lost

Catherine L. Mann

12 Copyright and the Profitability of Authorship

Megan MacGarvie and Petra Moser

13 Understanding Media Markets in the Digital Age

Brett Danaher, Samita Dhanasobhon, Michael D. Smith, and Rahul Telang