The Economics of Internet Markets

NBER Working Paper No. 16852

Issued in March 2011

NBER Program(s):Industrial Organization



The internet has facilitated the creation of new markets characterized by large scale, increased customization, rapid innovation and the collection and use of detailed consumer and market data. I describe these changes and some of the economic 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 competition and consumer behavior in internet markets and some directions for future research.

Acknowledgments

Machine-readable bibliographic record - MARC, RIS, BibTeX

Document Object Identifier (DOI): 10.3386/w16852

Published: The Economics of Internet Markets,îin D. Acemoglu, M. Arellano and E. Dekel, ed. Advances in Economics and Econometrics , Cambridge University Press, 2013.

Users who downloaded this paper also downloaded* these: