In 1998, Internet-related industries created over a million jobs
and generated more than $330 billion in revenue. As of December
1999, almost five million commercial websites had emerged, and that
number was increasing at a rate of almost half a million per month.
The explosive growth of the Internet economy has drastically
changed the way commercial transactions are conducted, making
anything from books to databases available at the click of a mouse.
This book investigates the underlying economics of the Internet,
focusing specifically on the pricing of access, the pricing of
goods and services sold online, the relationship between network
effects, technological innovation and business strategy, and the
issues surrounding taxation of electronic commerce. Addressing the
economic aspects of the Internet and electronic commerce as well as
traditional pricing practices and market structure, this volume
will serve as a roadmap for the current and future terrain of the
Internet economy.
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