The Economics of Information Technology An Introduction [Paperback]

A concise and accessible review of some of the important economic factors affecting information technology industries.The Economics of Information Technology is a concise and accessible review of important economic factors affecting information technology industries. These industries are characterized by high fixed costs and low marginal costs of production, large switching costs for users, and strong network effects. These factors combine to produce some unique behavior. Professor Varian outlines the basic economics of these industries; Professors Farrell and Shapiro describe the impact of these factors on competition policy. An ideal introduction for undergraduate and graduate students in economics, business strategy, law and related areas.The Economics of Information Technology is a concise and accessible review of important economic factors affecting information technology industries. These industries are characterized by high fixed costs and low marginal costs of production, large switching costs for users, and strong network effects. These factors combine to produce some unique behavior. Professor Varian outlines the basic economics of these industries; Professors Farrell and Shapiro describe the impact of these factors on competition policy. An ideal introduction for undergraduate and graduate students in economics, business strategy, law and related areas.The Economics of Information Technology is a concise and accessible review of important economic factors affecting information technology industries. These industries are characterized by high fixed costs and low marginal costs of production, large switching costs for users, and strong network effects. Hal Varian outlines the basic economics of these industries while Joseph Farrell and Carl Shapiro describe the impact of these factors on competition policy. The volume is an ideal introduction for undergraduate and graduate students in economics, business strategy, law and related areas.List of figures; The lã%