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| Topic: |
Business
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| Number of pages / Number of words: |
34 / 9365 |
Essay's paper body
We think that this fact alone
cannot account for the number of economists who have worked on the Internet
and the impact this research has had. In this section, we discuss briefly why the
Internet has helped economists develop new insights into the operation of markets.
First, the Internet has provided researchers with the opportunity to study how
markets function in novel and extreme circumstances...
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A vivid example is that with
the growth of the Internet, we suddenly have markets with essentially no search
costs. Price-search websites like Dealtime, Pricewatch and Shopper allow customers
wanting to purchase a particular book, a particular name-brand digital camera or
even a flower arrangement to receive a sorted and annotated list of price quotes
from dozens of retailers...
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