While the Internet has been found to reduce trading frictions in a number of other markets, existing research has … found that Internet job search (IJS) was associated with longer unemployment durations in 1998/2000 – using comparable data … about 25 percent. This finding is robust to controls for workers' AFQT scores and detailed indicators of Internet access …

The internet has facilitated the creation of new markets characterized by large scale, increased customization, rapid …-commerce, internet job matching and financial exchanges, and other internet platforms. I also discuss the empirical evidence on … competition and consumer behavior in internet markets and some directions for future research …