| Record ID | marc_loc_2016/BooksAll.2016.part33.utf8:67653906:2334 |
| Source | Library of Congress |
| Download Link | /show-records/marc_loc_2016/BooksAll.2016.part33.utf8:67653906:2334?format=raw |
LEADER: 02334cam a22003137a 4500
001 2005615051
003 DLC
005 20050112144600.0
007 cr |||||||||||
008 050106s2003 enk sb 000 0 eng
010 $a 2005615051
020 $z0753016001
040 $aDLC$cDLC
050 00 $aHC10
100 1 $aQuah, Danny.
245 10 $aDigital goods and the new economy$h[electronic resource] /$cDanny Quah.
260 $a[London] :$bCentre for Economic Performance, London School of Economics and Political Science,$c[2003]
490 1 $a[Discussion paper ;$vno. 563]
538 $aSystem requirements: Adobe Acrobat Reader.
538 $aMode of access: World Wide Web.
500 $aTitle from summary page as viewed on 1/6/2005.
530 $aAlso available in print.
504 $aIncludes bibliographical references.
520 3 $a"Digital goods are bitstrings, sequences of 0s and 1s, which have economic value. They are distinguished from other goods by five characteristics: digital goods are nonrival, infinitely expansible, discrete, aspatial, and recombinant. The New Economy is one where the economics of digital goods importantly influence aggregate economic performance. This Article considers such influences not by hypothesizing ad hoc inefficiencies that the New Economy can purport to resolve, but instead by beginning from an Arrow-Debreu perspective and asking how digital goods affect outcomes. This approach sheds light on why property rights on digital goods differ from property rights in general, guaranteeing neither appropriate incentives nor social efficiency; provides further insight into why Open Source Software is a successful model of innovation and development in digital goods industries; and helps explain how geographical clustering matters"--London School of Economics web site.
650 0 $aInformation technology$xEconomic aspects.
653 $aAspatial;$aemergence;$aidea;$ainformation;$ainnovation;$aintellectual asset;$ainternet;$aknowledge;$aopen source;$aweightless economy
710 2 $aLondon School of Economics and Political Science.$bCentre for Economic Performance.
830 0 $aDiscussion paper (London School of Economics and Political Science. Centre for Economic Performance : Online) ;$vno. 563.
856 40 $uhttp://cep.lse.ac.uk/pubs/abstract.asp?index=1943