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How are our societies being transformed by internet and digital
economics? This book provides an accessible introduction to the
economics of the internet and a comprehensive account of the
mechanisms of the digital economy. Leading scholars examine the
original economic and business models being developed as a result
of the internet system, and explore their impact on our economies
and societies. Key issues are analysed, including the development
of open source software and on-line communities, peer-to-peer and
online sharing of cultural goods, electronic markets and the rise
of new information intermediaries, e-retailing and e-banking. The
volume examines how internet and digital economics have transformed
the organization of firms, industries, markets, commerce, modes of
distribution, money, finance, and innovation processes, and
provides the analytical tools to understand both these recent
transformations and the likely future directions of the 'New
Economy'.
This is a comprehensive and up-to-date synthesis of the economic analysis of contracts written by a specially commissioned team of leading international scholars. The book offers a well structured analysis of theoretical developments, the diverse fields of applications, the methodologies in use, and the policy implications at both firm and state level. It offers a unique combination of theoretical and applied economics along with insights from law and management sciences. The volume is designed to appeal to scholars, graduate students and practitioners in economics, management and law.
Different types of markets exist throughout the world but how are
they created? In this book, an interdisciplinary team of authors
provide an evolutionary vision of how markets are designed and
shaped. Drawing on a series of case studies, they show that markets
are far from perfect and natural mechanisms, and propose a new view
of markets as social construct, explaining how combinations of
economic, political and legal constraints influence the formation
and performance of markets. Historical trajectories and
interdependencies among institutional dimensions make it difficult
to build costless, non-biased co-ordination mechanisms, and there
are limitations to public and private attempts to improve the
design of markets. The authors show that incomplete and imperfect
modes of governance must be improved upon and combined in order for
markets to work more efficiently. This timely book will interest
practitioners and academics with backgrounds in economics, law,
political science and public policy.
Different types of markets exist throughout the world but how are
they created? In this book, an interdisciplinary team of authors
provide an evolutionary vision of how markets are designed and
shaped. Drawing on a series of case studies, they show that markets
are far from perfect and natural mechanisms, and propose a new view
of markets as social construct, explaining how combinations of
economic, political and legal constraints influence the formation
and performance of markets. Historical trajectories and
interdependencies among institutional dimensions make it difficult
to build costless, non-biased co-ordination mechanisms, and there
are limitations to public and private attempts to improve the
design of markets. The authors show that incomplete and imperfect
modes of governance must be improved upon and combined in order for
markets to work more efficiently. This timely book will interest
practitioners and academics with backgrounds in economics, law,
political science and public policy.
How are our societies being transformed by internet and digital
economics? This book provides an accessible introduction to the
economics of the internet and a comprehensive account of the
mechanisms of the digital economy. Leading scholars examine the
original economic and business models being developed as a result
of the internet system, and explore their impact on our economies
and societies. Key issues are analysed, including the development
of open source software and on-line communities, peer-to-peer and
online sharing of cultural goods, electronic markets and the rise
of new information intermediaries, e-retailing and e-banking. The
volume examines how internet and digital economics have transformed
the organization of firms, industries, markets, commerce, modes of
distribution, money, finance, and innovation processes, and
provides the analytical tools to understand both these recent
transformations and the likely future directions of the 'New
Economy'.
Digital technologies have prompted the emergence of new modes of
regulation and governance, since they allow for more decentralized
processes of elaboration and implementation of norms. Moreover, the
Internet has been raising a wide set of governance issues since it
affects many domains, such as individual rights, public liberties,
property rights, economic competition, market regulation, conflict
management, security and the sovereignty of states. There is
therefore a need to understand how technical, political, economic
and social norms are articulated, as well as to understand who the
main actors of this process of transformation are, how they
interact and how these changes may influence international rulings.
This book brings together an international team of scholars to
explain and analyse how collective regulations evolve in the
broader context of the development of post-modern societies,
globalization, the reshaping of international relations and the
profound transformations of nation-states.
Digital technologies have prompted the emergence of new modes of
regulation and governance, since they allow for more decentralized
processes of elaboration and implementation of norms. Moreover, the
Internet has been raising a wide set of governance issues since it
affects many domains, such as individual rights, public liberties,
property rights, economic competition, market regulation, conflict
management, security and the sovereignty of states. There is
therefore a need to understand how technical, political, economic
and social norms are articulated, as well as to understand who the
main actors of this process of transformation are, how they
interact and how these changes may influence international rulings.
This book brings together an international team of scholars to
explain and analyse how collective regulations evolve in the
broader context of the development of post-modern societies,
globalization, the reshaping of international relations and the
profound transformations of nation-states.
Institutions frame behaviors and exchanges in markets, business
networks, communities, and organizations throughout the world.
Thanks to the pioneering work of Ronald Coase, Douglas North and
Olivier Williamson, institutions are now recognized as being a key
factor in explaining differences in performance between industries,
nations, and regions. The fast-growing field of new institutional
economics analyzes the economics of institutions and organizations
using methodologies, concepts, and analytical tools from a wide
range of disciplines (including political science, anthropology,
sociology, management, law, and economics). With contributions from
an international team of researchers, New Institutional Economics
provides theoreticians, practitioners, and advanced students in
economics and social sciences with a guide to the many recent
developments in the field. It explains the underlying
methodologies, identifies issues and questions for future research,
and shows how results apply to decision making in law, economic
policy, management, regulation and institutional design.
This is a comprehensive and up-to-date synthesis of the economic analysis of contracts written by a specially commissioned team of leading international scholars. The book offers a well structured analysis of theoretical developments, the diverse fields of applications, the methodologies in use, and the policy implications at both firm and state level. It offers a unique combination of theoretical and applied economics along with insights from law and management sciences. The volume is designed to appeal to scholars, graduate students and practitioners in economics, management and law.
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