This podcast explores how growth in broadband usage has positively spilled into other online markets, creating growth spillovers. It explores the geographic direction of those growth spillovers from broadband to online retailers and advertising-supported media to determine to whom and to where the positive gains flowed.
Shane Greenstein explores instances of "digital dark matter," or important building blocks of the digital economy that contribute value and new functionality, but which are nonpecuniary and so aren't measured directly or recorded in GDP.
It has become fashionable among Internet and Web watchers to notice threats on the horizon to the open Web. Economics tends not to take such an alarmist approach to the future of the Web, viewing it with more equanimity or acquiescence, depending on your perspective.
To have a large impact, bleeding-edge mass market standards must do two things: diffuse widely and provide new functionality. In this podcast, Shane Greenstein discusses the determination of new standards in mass markets, an event that shapes such paradoxical outcomes and hence market structure and firm strategy.
For some time the blogosphere has made a ruckus over Google's growing power in the commercial Web. Such concerns probably would have arisen even if the world's developed economies were not in the midst of a painful macroeconomic nadir. In such dismal conditions, however, this extraordinary young firm's wealth makes it a natural target for envy and scrutiny. Is it a problem when a fabulously wealthy firm uses its money to explore grand new projects? If there is an economic problem, it is...
Ubiquitous and inexpensive information technology supports the poetry of our age. It's being written every moment of every day by teenagers, soccer moms, and professionals. The results are mostly farce, occasionally tragic, and rarely private.
A revolution has largely gone unnoticed. Since 1994, the US has assigned spectrum for mobile telephony through auctions instead of the traditional regulatory mechanisms. The transition from analog to digital television has freed up additional spectrum, giving the FCC the opportunity to set up an auction in the 700-MHz range. That spectrum auction ended in March 2008. The spectrum went into use in June 2009, after analog television retires.