Digital technology is the representation of information in bits. This technology has reduced
the cost of storage, computation, and transmission of data. Research on digital economics …

As we indicated at the beginning of this chapter, price discrimination is a ubiquitous
phenomenon. Nearly all firms with market power attempt to engage in some type of price …

This paper analytically investigates the channel choice problem and price discount strategy
of a supply chain under the live-streaming context. In the existing literature of traditional e …

" According to historians, European trade took off at the end of the 12th century in what is
now the North of France, in the county of Champagne. 1 It is at this period that this county …

Open banking facilitates data sharing consented to by customers who generate the data,
with the regulatory goal of promoting competition between traditional banks and challenger …

The rise of centralized mining pools for risk sharing does not necessarily undermine the
decentralization required for blockchains: because of miners' cross-pool diversification and …

We present a theory of context-dependent choice in which a consumer's attention is drawn
to salient attributes of goods, such as quality or price. An attribute is salient for a good when …

Information Goods--from movies and music to software code and stock quotes-have
supplanted industrial goods as the key drivers of world markets. Confronted by this New …

The Theory of Industrial Organization is the first primary text to treat the new industrial
organization at the advanced-undergraduate and graduate level. Rigorously analytical and …

The research for which George Akerlof, Michael Spence, and I are being recognized is part
of a larger research program which today embraces a great number of researchers around …