S-Space College of Social Sciences (사회과학대학) Institute of Economics Research (경제연구소) 경제논집 경제논집 vol.59 (2020)
- Yves Guéron
- Issue Date
- 서울대학교 경제연구소
- 경제논집, Vol.59 no.1, pp. 3-52
- Digitization, the process of converting information into a digital format (bits, short for binary digits), has dramatically reduced replication costs, as well as the costs of transmitting information. This survey examines how those important reduction in costs affect economic activity through the lens of incentives, prices and efficiency.