The Assessment: Economics of the Internet.
Seen from the perspective of economics, the Internet has been widely regarded as a major force likely to raise productivity. However, at least so far, the identifiable effects on productivity appear small and largely confined to the USA. Similar scepticism is expressed about the view that the Internet would be naturally highly competitive. On the contrary, economies of scale and scope plus advertising-intensive reputations create the threat of concentration. As a result, a pro-competitive sta...Expand abstract
- Oxford Review of Economic Policy
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