The digitization of such traditional goods as books, music, and movies, in combination with traditional digital productions like software, has given rise to new twists and turns in economic arguments. The primary reasons for these digital-led developments in economic theory are that digital goods often exhibit network effects—consumer benefits that grow with the spreading use of certain goods—and that digital products often have low or negligible reproduction costs. McKenzie describes how the advent of digital goods has forced changes in firms' production and pricing strategies, and how it has led to the reassessment of an array of public policies, from privacy to piracy.
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McKenzie describes how the advent of digital goods has forced changes in firms' production and pricing strategies.
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nondigital goods, internal coordinating cost, nondigital markets, nondominant producers, upfront losses, upfront development costs, upfront prices, lagged demand, digital sector, digital economics, staying costs, anticommons tragedy, digital firms, antitrust thinking, addictive goods, coordinating costs, switching costs, dangerous probability, requisite incentive, piracy rates, rational addiction, natural monopolist, operating system market, applications barrier, legitimate producers Key Phrases - Capitalized Phrases (CAPs): (learn more)
New York, United States, Internet Explorer, Wall Street Journal, Los Angeles Times, Microsoft Corporation, Supreme Court, American Economic Review, Bill Gates, Erik Brynjolfsson, First District Court, Thomas Penfield Jackson, University of California, Council of Economic Advisors, Findings of Fact, Industrial Revolution, Ronald Coase, The Future of Ideas, Brian Arthur, Jim Clark, Robert Gordon, University of Chicago Press, Working Paper, Alan Greenspan, Federal Reserve Board New!
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nondigital goods, internal coordinating cost, nondigital markets, nondominant producers, upfront losses, upfront development costs, upfront prices, lagged demand, digital sector, digital economics, staying costs, anticommons tragedy, digital firms, antitrust thinking, addictive goods, coordinating costs, switching costs, dangerous probability, requisite incentive, piracy rates, rational addiction, natural monopolist, operating system market, applications barrier, legitimate producers Key Phrases - Capitalized Phrases (CAPs): (learn more)
New York, United States, Internet Explorer, Wall Street Journal, Los Angeles Times, Microsoft Corporation, Supreme Court, American Economic Review, Bill Gates, Erik Brynjolfsson, First District Court, Thomas Penfield Jackson, University of California, Council of Economic Advisors, Findings of Fact, Industrial Revolution, Ronald Coase, The Future of Ideas, Brian Arthur, Jim Clark, Robert Gordon, University of Chicago Press, Working Paper, Alan Greenspan, Federal Reserve Board New!
Books on Related Topics | Concordance | Text Stats Browse Sample Pages:
Front Cover | Table of Contents | First Pages | Index | Back Cover | Surprise Me!
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