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Modern technology provides the basis of an efficient low-cost electronic payments as an alternative to the current system where fiat money is the medium of exchange. This paper explores possible macro-economic implication, showing how such a financial system might enhance government's ability to...
Persistent link: https://www.econbiz.de/10012965440
The digitization of content has led to the emergence of platforms that draw information from multiple sources. Policymakers are concerned that these new platforms threaten incentives for the production of original content. As a result, policymakers are contemplating regulations that would force...
Persistent link: https://www.econbiz.de/10013018713
theory and relates them to how supply chains are organized …
Persistent link: https://www.econbiz.de/10013239158
The internet has facilitated the creation of new markets characterized by large scale, increased customization, rapid … theory that has been useful for thinking about online advertising markets, retail and business-to-business e …-commerce, internet job matching and financial exchanges, and other internet platforms. I also discuss the empirical evidence on …
Persistent link: https://www.econbiz.de/10013068482
This paper analyzes the extent to which the Internet's global domain name resolution (DNS) system has preserved its …
Persistent link: https://www.econbiz.de/10012927037
We use Adobe Analytics data on online transactions for millions of products in many different categories from 2014 to 2017 to shed light on how online inflation compares to overall inflation, and to gauge the magnitude of new product bias online. The Adobe data contain transaction prices and...
Persistent link: https://www.econbiz.de/10012918079
The economic literature on online auctions is rapidly growing because of the enormous amount of freely available field data. Moreover, numerous innovations in auction-design features on platforms such as eBay have created excellent research opportunities. In this article, we survey the...
Persistent link: https://www.econbiz.de/10013224430
We study the tendency to connect to the Internet, and the online and offline shopping behavior of connected persons, to … draw inferences about whether the Internet is a substitute or a complement for cities. We document that larger markets have … content, suggesting the Internet is a complement to cities. Yet, holding local online content constant, people are less likely …
Persistent link: https://www.econbiz.de/10013226190
reduction in search costs on the Internet relative to the physical channel would cause both price and price dispersion to fall …
Persistent link: https://www.econbiz.de/10013248236
dataset on 1998-99 Internet shopping behavior and use of information intermediaries by over 30,000 households to examine … strategy and the evolution of market structure. If information weakens the pull of brand, then Internet retailing may grow less …
Persistent link: https://www.econbiz.de/10013244355