Book Details

The Network(ed) Economy

Publication year: 2006

ISBN: 978-3-8350-9213-6

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In an increasingly globalized and networked world modern communication channels and new electronic media standards are constantly changing traditional interaction patterns of humans and even machines. Communication-based interaction is of pivotal economic importance and the availability of generally accepted electronic communication standards is essential in order to decrease communication-related transaction costs.This book combines the theories of diffusion and network effects and presents a new goods classification model to explore the dissemination of IT and e-business standards. On this basis it designs two applications that support and improve firms' electronic interlaced communication by means of automation and standardization effects.

Subject: Business and Economics, Agent-based computational economics, Business, Change, E-Business, Innovation, Network effect theory, Network externalities, Simulation, Simulation analysis, automation