Internet Growth and Economic Theory

  • Authors:

  • Rajeev K. Goel;Edward W. T. Hsieh

  • Affiliations:

  • Department of Economics, Illinois State University, Normal, IL 61790-4200, USA E-mail:;Department of Economics and Statistics, California State University, Los Angeles, CA 90032, USA E-mail:

  • Venue:
  • Netnomics
  • Year:
  • 2002

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Abstract

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.