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The Internet has evolved from Web 1.0, with static web pages and limited interactivity, to Web 2.0, with dynamic … Internet content has generally remained the same: zero. Because no transaction records the "purchase" of this content, its … value is not reflected in measured growth and productivity. To capture the contribution of the "free" Internet, we model the …
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There can be no doubt that the FANG companies – Facebook, Amazon, Netflix and Google, as well as Twitter – have transformed society since their emergence. Like all social transformations, the changes wrought by their services have had ripple effects that are both positive and negative. On...
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Internet transactions in novel ways. Despite this massive growth and new medium, empirical work in marketing and economics on …Central to the explosive growth of the Internet has been the desire of dispersed buyers and sellers to interact … readily and in a manner hitherto impossible. Underpinning these interactions, auction pricing mechanisms have enabled …
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