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Economics of Information/Technology

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Kathy Gill
Kathy Gill

The document provides an overview of the information economy and key concepts in economics as they relate to information goods and information technology. It discusses how the economy has transitioned to one based on the exchange of knowledge and information rather than physical goods. Some key points are that information is non-rival and nonexcludable, leading to issues like network effects and tipping. Firms in the information sector have different cost structures than traditional industries.

BusinessTechnology
1 of 46
Information, Markets and Society Kathy E. Gill 19 June 2007
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]
Williams ,[object Object],[object Object]
Today (almost!) ,[object Object]
No Standard Nomenclature ,[object Object],[object Object]
What is Information? ,[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]
Summary ,[object Object]
Economics 101 ,[object Object],[object Object],[object Object],[object Object],[object Object]
What Is Economics? ,[object Object],[object Object],[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]
Supply-Demand
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]
Tipping ,[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 Thursday ,[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]

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