“Digital Economics” (2019), by Avi Goldfarb et al. Business and Management research paper. Original abstract below, unchanged. A free PDF is available.

Digital Economics

Avi Goldfarb, Catherine E. Tucker · March 1, 2019 · Business and Management

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)

Free PDF DOI: 10.1257/jel.20171452