Digital Economics

Goldfarb, Avi; Tucker, Catherine

doi:10.3386/w23684

Cited by 56 publications

(30 citation statements)

References 280 publications

(332 reference statements)

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“…Einav et al 2016and Goldfarb and Tucker (2017) provide great surveys on how digital technology has reduced matching frictions and improved market efficiency. Reduced matching frictions affect price dispersion, as evidenced in Brynjolfsson and Smith (2000), Brown and Goolsbee (2002), Overby and Forman (2014), Ghose and Yao (2011), and Cavallo (2017).…”

Section: Peer-to-peer Platforms and Matching Frictionsmentioning

confidence: 99%

Does Machine Translation Affect International Trade? Evidence from a Large Digital Platform

Brynjolfsson¹

2018

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We thank David Atkin, Andrey Fradkin, Avi Gannamaneni, and Avi Goldfarb for helpful discussions. We also acknowledge the support of the MIT Initiative on the Digital Economy (http://ide.mit.edu/) and thank eBay, especially Brian Bieron, for providing the data for this project. The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research. At least one co-author has disclosed a financial relationship of potential relevance for this research. Further information is available online at http://www.nber.org/papers/w24917.ack NBER working papers are circulated for discussion and comment purposes. They have not been peer-reviewed or been subject to the review by the NBER Board of Directors that accompanies official NBER publications.

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Section: Peer-to-peer Platforms and Matching Frictionsmentioning

confidence: 99%

Does Machine Translation Affect International Trade? Evidence from a Large Digital Platform

Brynjolfsson¹

2018

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“…Increasing part of economic and business processes currently is driven by digital technologies. "Digital economics explores how standard economic models change as certain costs fall substantially and perhaps approach zero" (Goldfarb et al, 2017). The digital economy might already be delivering minimum 20% of the global GDP; the European digital economy is growing 7 times as fast as the rest of the economy (WEB, b).…”

Section: Introductionmentioning

confidence: 99%

Key Drivers of Digitalization; EU Context and Baltic Case

Karnītis¹,

Virtmanis²,

Karnītis³

2019

BJMC

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The integrated Digital Economy and Society Index (DESI) is calculated to indicate "progress of EU countries towards a digital economy and society"; nevertheless there are serious barriers to practical use of the DESI. The methodology of the DESI does not apply to development indicators; the natural doubts are on significance of more than 30 aspects for socioeconomic growth. The study propose the methodology for determination of the key drivers of digitalisation, hence areas of priority investments, which can provide the most dynamic socioeconomic progress as well as return of investments. The intelligent data mining and mathematical modelling methods and tools have been used to achieve a conclusiononly six aspects actually are significant for socioeconomic growth. Results are applicable to all EU member states; any economy would use them for strategic investments planning. Current strengths and weaknesses of the Baltic States are analysed in more detail and recommendations are elaborated.

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“…During the 1990s and early 2000s several authors declared that the ‘death of distance’ was near (Cairncross ), the world was increasingly becoming ‘flat’ (Friedman ), and that geography and proximity seemed to matter less and less, as a result of advances in IT and continuing globalisation. The economic and geographic literature concerned with this question continued to emphasise the ways in which distance still seems to matter (Goldfarb & Tucker ). It is, for instance, generally argued that tele or online communication complements face‐to‐face encounters, and that the increasing need for encounters offsets the decentralising effects of IT (Gaspar & Glaeser ; Leamer & Storper ).…”

Section: Agglomeration Online Reviews and Cuisine Varietymentioning

confidence: 99%

Information Technology and Local Product Variety: Substitution, Complementarity and Spillovers

Vos

Meijers

2019

Tijd voor Econ & Soc Geog

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This paper addresses the interaction between information technology (IT) and agglomeration. The literature distinguishes two types of interactions, namely a substitution effect and a complementarity effect. We conceptualise a third effect, namely a 'spillover' mechanism, by which IT allows places in close proximity of large cities to 'borrow size' and sustain greater product variety. We test these mechanisms using detailed data on restaurant cuisine variety in the Netherlands, and the IT dimension is measured through the use and penetration of online restaurant reviews. We find that IT complements cuisine variety in cities, and induces spillovers to smaller places near larger ones, allowing smaller places to sustain 'rare' cuisines that were traditionally only present in larger cities. As such, IT leads to the spread of agglomeration benefits such as local product variety over larger territories.

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Digital Economics

Cited by 56 publications

References 280 publications

Does Machine Translation Affect International Trade? Evidence from a Large Digital Platform

Does Machine Translation Affect International Trade? Evidence from a Large Digital Platform

Key Drivers of Digitalization; EU Context and Baltic Case

Information Technology and Local Product Variety: Substitution, Complementarity and Spillovers

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