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Organizing the New Industrial Economy : Advances in Applied Microeconomics - Michael R. Baye

Organizing the New Industrial Economy

Advances in Applied Microeconomics

By: Michael R. Baye (Editor)

Hardcover Published: 17th December 2003
ISBN: 9780762310814
Number Of Pages: 312

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The growing use of the internet by businesses and consumers is rapidly changing the structure, conduct, and performance of different sectors of the global economy. This ten chapter volume on organizing the "new economy" documents some of these changes, and examines the ramifications for business strategy and public policy.

Chapters in this volume explain how the Internet has altered the conduct of firms competing in "new economy" markets (such as the online market for air travel information), changed the competitive and technological structure of a host of industries, and has impacted the valuation and performance of businesses (including online-retailers). In addition, contributors to this volume document that online price dispersion is ubiquitous worldwide, quantify the value of reputation in online auction markets, and explain optimal business behavior in "new economy" settings where network effects, product compatibility, and market dynamics are important.

The breadth of topics in this volume, coupled with the expertise and diverse backgrounds of its contributors, make Organizing the New Industrial Economy a unique and valuable addition to the growing literature in the area. This volume is part of Elsevier's Advances in Applied Microeconomics series - an annual research volume that disseminates frontier research well in advance of journals and other outlets. For additional information about Internet-related projects, or for more information about this series and planned future volumes, please visit the editor's site at http: //www.nash-equilibrium.comhttp: //www.nash-equilibrium.com

Industry Reviews

...Ten papers examine how increasing internet use by business and consumers is changing the structure, conduct, and performance of different sectors of the global economy and explore the ramifications of the changes for business strategy and public policy. Journal of Economic Literature, 2004

List of contributors
Editor's introduction
Evolution of the market for air-travel information
Which industries use the internet?
Valuing internet retailers: Amazon, Barnes and Noble
The evolution of price dispersion in internet retail markets
Online price dispersion within and between seven European countries
Price dispersion, product characteristics and firm's behaviors: Stylized facts from shopper.com
What attracts a bidder to a particular internet auction
An experimental market with network effects and one sponsored seller
Intergenerational product compatibility and price competition
Dynamic pricing via fees in duopoly with varying usage levels
Table of Contents provided by Publisher. All Rights Reserved.

ISBN: 9780762310814
ISBN-10: 0762310812
Series: Advances in Applied Microeconomics
Audience: Professional
Format: Hardcover
Language: English
Number Of Pages: 312
Published: 17th December 2003
Country of Publication: US
Dimensions (cm): 22.91 x 17.17  x 2.82
Weight (kg): 0.57