Economics Of Digital Information

Looks at how the Internet is affecting businesses, education, and government, touching on the twelve themes of the new economy and privacy issues

Innovations and developments in technology have laid the foundations for an economy based on digital goods and services-the digital economy. Digital Economics: How Information and Communication Technology is Shaping Markets, Businesses, and Information invites you to take an in-depth look at the impact that technological innovations such as social media, cryptocurrencies, crowdsourcing, and even online gaming has had on today's business landscape. Learn about the various business models available for the digital economy, including the business models used by Bitcoin, Spotify, Wikipedia, World of Warcraft, Facebook, and Airbnb. Peppered with anecdotes on the various technological innovations which have shaped markets throughout history, Digital Economics details the evolution of contemporary economics within the digital stratosphere and highlights the complex ecosystem that makes up the field of digital economics. Including models and tools that are essential for analysis and better understanding of the digital economy, as well as activities which will allow the reader to reflect, analyze, and apply the knowledge and tools presented in each chapter, Digital Economics is a definitive guide to the complexities and nuances of this burgeoning and fascinating field of study.

New models for distributing, sharing, linking, and marketing information are appearing.

There is a small and growing literature that explores the impact of digitization in a variety of contexts, but its economic consequences, surprisingly, remain poorly understood. This volume aims to set the agenda for research in the economics of digitization, with each chapter identifying a promising area of research. Economics of Digitizationidentifies urgent topics with research already underway that warrant further exploration from economists. In addition to the growing importance of digitization itself, digital technologies have some features that suggest that many well-studied economic models may not apply and, indeed, so many aspects of the digital economy throw normal economics in a loop.Economics of Digitization will be one of the first to focus on the economic implications of digitization and to bring together leading scholars in the economics of digitization to explore emerging research.

The unprecedented Covid-19 crisis revealed the scale and scope of a new type of economy taking shape in front of our very eyes: the digital economy. This book presents a concise theoretical and conceptual framework for a more nuanced analysis of the economic and sociological impacts of the technological disruption that is taking place in the markets of goods and services, labour markets, and the global economy more generally. This interdisciplinary work is a must for researchers and students from economics, business, and other social science majors who seek an overview of the main digital economy concepts and research. Its down-to-earth approach and communicative style will also speak to businesses practitioners who want to understand the ongoing digital disruption of the market rules and emergence of the new digital business models. The book refers to academic insights from economics and sociology while giving numerous empirical examples drawn from basic and applied research and business. It addresses several burning issues: how are digital processes transforming traditional business models? Does intelligent automation threaten our jobs? Are we reaching the end of globalisation as we know it? How can we best prepare ourselves and our children for the digitally transformed world? The book will help the reader gain a better understanding of the mechanisms behind the digital transformation, something that is essential in order to not only reap the plentiful opportunities being created by the digital economy but also to avoid its many pitfalls. Chapters 1, 3 and 5 of this book are available for free in PDF format as Open Access from the individual product page at www.routledge.com. They have been made available under a Creative Commons Attribution-Non Commercial-No Derivatives 4.0 license.

Innovations and developments in technology have laid the foundations for an economy based on digital goods and services—the digital economy. This book invites students and practitioners, to take an in-depth look at the impact that technological innovations such as social media, cryptocurrencies, crowdsourcing, and even online gaming is having on today’s business landscape. Learn about the various business models available for the digital economy, including the business models used by Bitcoin, Spotify, Wikipedia, World of Warcraft, Facebook, and Airbnb. This book details the evolution of contemporary economics within the digital stratosphere and highlights the complex ecosystem that makes up the field of digital economics. The foundational text with case studies is also peppered with anecdotes on the various technological innovations which have shaped markets throughout history. The authors provide several models and tools that are essential for analysis, as well as activities that will allow the reader to reflect, analyze, and apply the knowledge and tools presented in each chapter. Introduction to Digital Economics is a definitive guide to the complexities and nuances of this burgeoning and fascinating field of study.

Presents research into the economics of the digital society. This work offers an overview of the changes that information and communication technologies (ICTs) have brought about in our analysis and understanding of society, focusing upon welfare economics, networks, the diffusion of businesses and various forms of entrepreneurship, and more. This important new book presents a unique body of research into the economics of the digital society. It questions how modern economies have been transformed as a result of digital goods and markets, and explores the policy implications and challenges of this revolution. Luc Soete and Bas ter Weel have assembled leading economists and social scientists to provide an invaluable insight into the influence of the digital society in the core fields of economics. They offer a comprehensive overview of the changes that information and communication technologies (ICTs) have brought about in our analysis and understanding of society, focusing particularly upon welfare economics, networks, the diffusion of new businesses and new forms of entrepreneurship, the auctioning of licences, the much-debated role of intellectual property rights and the emergence of free software in the open-source movement

The rapid development of information and communication technologies has been one of the major issues in the world economy of the last decade. Especially, the fast growth of the Internet has introduced completely new economic and related issues, like world-wide Electronic Commerce and its taxing, telework activities, distance learning, and so on. It has become possible to split organizations into small units which may form an electronically connected network taking new shapes in a flexible way. Since the growth of the Internet has been fast and fairly uncontrolled, a strong need for new laws, sometimes called Cyberlaw, has emerged. On the other hand, the individual skills of information technologies may be of critical importance to the success of a person in his or her professional career. This book discusses several new aspects and economic impacts of digital information technologies. A primer on Internet economics provides an introduction to the structure of the Internet and its economic issues. Further related subjects are taxing of the world-wide Electronic Commerce, Cyberlaw, learning with hypermedia, and distance learning over the network. We also discuss the general impact of information technologies on innovation dynamics, labor demand, and human capital depreciation. Results of a recent survey on European telework activities give insight into rapid organizational changes due to the digitalization of economies. General information technology related aspects, like the need of a rapid transfer of new economic knowledge and semantic integration of online information, are provided.