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Economics Perspectives on the Internet (Hardcover)
Loot Price: R1,517
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Economics Perspectives on the Internet (Hardcover)
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The information technology sector of the United States economy,
spurred on by the expansion of the Internet, has undergone
explosive growth. According to one estimate, in 1998
Internet-related industries led to the creation of over 1.2 million
jobs and generated more than $300 billion in revenue. At the same
time the Internet has expanded immensely. As of December 1999, it
was estimated that more than 4.9 million commercial websites had
emerged, and in the closing months of the year, that number was
increasing at a rate of almost 500,000 per month. The rapid growth
of the 'Information Economy' has drastically changed the manner in
which commercial transactions are conducted, as anything from
material goods (such as books) to information goods (such as
databases) can be procured with the ease of a mouse click. This
essential new book investigates the underlying economics of certain
facets of the Internet. By examining recent literature addressing
economic aspects of the Internet and electronic commerce, as well
as more traditional literature on pricing practices and market
structure, this book serves as a roadmap of the current terrain in
Internet-related economic matters, as well as a framework for
future analysis.
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