Digital technology is the representation of information in bits. This technology has reduced the cost of storage, computation, and transmission of data. Research on digital economics examines whether and how digital technology changes economic activity. In this review, we emphasize the reduction in five distinct economic costs associated with digital economic activity: search costs, replication costs, transportation costs, tracking costs, and verification costs. (JEL D24, D83, L86, O33, R41)
:Investments to increase the level of explicit coordination with outside agents have generally resulted in increased risk to the firm; firms have traditionally avoided this incr...
When should a government provide a service inhouse and when should it contract out provision? We develop a model in which the provider can invest in improving the quality of ser...
In psychology, attempts to replicate published findings are less successful than expected. For properly powered studies replication rate should be around 80%, whereas in practic...
Abstract The National Comorbidity Survey Replication (NCS‐R) is a new nationally representative community household survey of the prevalence and correlates of mental disorders i...
Social media, news, blog, policy document mentions