Economics of Digital Information

Information, Markets and Society Kathy E. Gill 30 June 2008

Overview ,[object Object],[object Object],[object Object],[object Object],[object Object]

But first …. ,[object Object],Edward R. Murrow , 1958, RTNDA Convention

What Is An Info Economy? ,[object Object]

History of Term, Concept ,[object Object],[object Object],[object Object]

Bell ,[object Object],[object Object],[object Object]

Digital Expectations ,[object Object]

Today (almost!) ,[object Object]

No Standard Nomenclature ,[object Object],[object Object]

What is Information? ,[object Object],[object Object],[object Object],[object Object],[object Object]

What is Information Technology? ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Societal Factors ,[object Object],[object Object],[object Object],[object Object],[object Object]

Competing Theories ,[object Object],[object Object],[object Object],[object Object],[object Object]

Economics 101 ,[object Object],[object Object],[object Object],[object Object],[object Object]

What Is Economics? ,[object Object],[object Object],[object Object]

John Kenneth Galbraith ,[object Object]

Kuhnen & Knutson (2005) ,[object Object]

Supply and Demand ,[object Object],[object Object]

Demand Curve ,[object Object],[object Object],[object Object]

Supply Curve ,[object Object],[object Object],[object Object]

Competitive Markets (perfect competition) ,[object Object],[object Object],[object Object],[object Object]

Market Structure ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Economics of Information ,[object Object],[object Object],[object Object],[object Object]

Economics of Attention ,[object Object]

Types of Goods (1/2) ,[object Object],[object Object]

Types of Goods (2/2) ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Non-Excludable ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Excludable Non-Rival Rival

Excludability and Information ,[object Object]

Types of Excludability (traditional) ,[object Object],[object Object],[object Object],[object Object]

Digital Excludability (transitional?) ,[object Object],[object Object],[object Object],[object Object],[object Object]

An Experience Good ,[object Object],[object Object]

Complementary Goods ,[object Object],[object Object],[object Object],[object Object]

Network effects (1/2) ,[object Object],[object Object],[object Object]

Network effects (2/2) ,[object Object],[object Object],[object Object]

Locked In! ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Philosophy ,[object Object],[object Object]

Examples ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

One More Point … ,[object Object]

Conclusion (1/2) ,[object Object],[object Object]

Conclusion (2/2) ,[object Object],[object Object]

For Wednesday ,[object Object]

Next Assignments ,[object Object],[object Object],[object Object],[object Object]

Lab ,[object Object],[object Object]

Resources (1/3) ,[object Object],[object Object],[object Object],[object Object]

Resources (2/3) ,[object Object],[object Object],[object Object]

Resources (3/3) ,[object Object],[object Object],[object Object]

Economics of Digital Information

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