Internet and the offline world

This article emphasises that a key to understanding the (net) benefits of the Internet is to remember that all online activity has an offline context. People live their lives offline. Therefore, the fall in communication costs and the fall in distribution costs associated with the diffusion of the Internet had a heterogeneous impact across locations.

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Authors:	Goldfarb, Avi
Other Persons:	Durlauf, Steven N. (contributor) ; Blume, Lawrence E. (contributor)
Institutions:	Palgrave Macmillan
Subject:	agglomeration \| communication costs \| distribution costs \| e-commerce \| Internet \| online \| regulation

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Extent:	text/html
Series:	The New Palgrave Dictionary of Economics.
Type of publication:	Article
Classification:	L81 - Retail and Wholesale Trade; Warehousing ; L86 - Information and Internet Services; Computer Software ; R11 - Regional Economic Activity: Growth, Development, and Changes
Source:	RePEc - Research Papers in Economics

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