Discusses the book, "Information Rules: A Strategic Guide to the Network Economy" by Carl Shapiro and Hal R. Varian
Written in 2006; 1,013 words; 1 sources; MLA; $ 35.95
Paper Summary:
Written by classically trained economists Carl Shapiro and Hal Varian, "Information Rules" offers readers practical guidelines for understanding and working within the new "network economy." The paper shows that by applying traditional economics concepts to new economic models, the authors suggest compelling ways of navigating through the nuanced world of information technology.
From the Paper:
"Included in Shapiro and Varian's discussion are broad overviews describing and defining the information economy; business strategies that deal directly with the hardware, software, and online industries; information related to pricing and version upgrades; copyright law, managing lock-in; and other topics pertinent to information technology economics. Comparing newer corporate giants like Microsoft to old world technology bulwarks like Edison, Shapiro and Varian show how economics theories don't need to shift dramatically to account for the quirks of information technologies."
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