New Technologies Like the Internet are Changing the Laws of Economics – Or Are They?

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Essay #: 051803
Total text length is 49,528 characters (approximately 34.2 pages).

Excerpts from the Paper

The beginning:
New technologies like the internet are changing the laws of economics – or are they?
                     Introduction
                                                               i.      Motivation for paper/why reader should be interested in paper. Some people might groan at another paper that looks at the impact of technology upon our world; after all, the past 15 years has seen a veritable explosion of literature on this matter. Nonetheless, another paper is warranted because the changes that the internet – and the new communication technologies in general – has wrought are profound. Specifically, the internet has changed how we work – more people are working from home than in the past – and has changed the speed with which we...
The end:
.....     controlled tests
                   and experience             of pricing levers
                                            * Pricing algorithm
                                              and approach
                                              explicitly
                                              defined--and
                                              applied with more
                                              rigor
Pricing review   * Accountability           * Predictions
processes          loosely tied to            continually
improved
                   predictive accuracy        through constant
                                              review and
                                              discussion of data