%0 Journal Article %1 goldfarb2019digital %A Goldfarb, Avi %A Tucker, Catherine %D 2019 %I American Economic Association %J Journal of Economic Literature %K digital_economics innovation production_costs productivity %N 1 %P 3--43 %R 10.1257/jel.20171452 %T Digital Economics %U https://doi.org/10.1257%2Fjel.20171452 %V 57 %X 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.

@article{goldfarb2019digital, 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.}, added-at = {2019-03-16T11:13:16.000+0100}, author = {Goldfarb, Avi and Tucker, Catherine}, biburl = {https://www.bibsonomy.org/bibtex/26c07c67f83fea8851f3d6169e7782449/meneteqel}, doi = {10.1257/jel.20171452}, interhash = {2eb12dd2b901e95ca1db88bdb0374663}, intrahash = {6c07c67f83fea8851f3d6169e7782449}, journal = {Journal of Economic Literature}, keywords = {digital_economics innovation production_costs productivity}, language = {eng}, month = mar, number = 1, pages = {3--43}, publisher = {American Economic Association}, timestamp = {2019-03-16T11:13:16.000+0100}, title = {Digital Economics}, url = {https://doi.org/10.1257%2Fjel.20171452}, volume = 57, year = 2019 }