Internet Growth and Economic Theory
NETNOMICS: Economic Research and Electronic Networking, 4(2), 2002, pp. 221-225
Posted: 1 Oct 2014
Date Written: September 29, 2014
This paper focuses on economic implications of the Internet. We argue that some effects of the Internet can be understood within the context of traditional economics. Specifically, the Internet has the potential to make market more contestable and hence more competitive. Policy issues are also discussed.
Keywords: Internet economics, Conestable Markets, Competition, Sunk cost
JEL Classification: L86
Suggested Citation: Suggested Citation