Titlebook: Introduction to Digital Economics; Foundations, Busines Harald Øverby,Jan Arild Audestad Textbook 2021Latest edition The Editor(s) (if appl

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Digital Monopolies and Oligopolies,n these sectors. One particular challenge for oligopolies is the prisoner’s dilemma. Prisoner’s dilemma implies that competitors may be forced into a situation where the revenues of all of them are small. This may then squeeze the weakest of them out of the market.

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Digital Market Modeling,ck more complex market scenarios, system dynamic simulation may be used. System dynamics is based on the same ideas as the mathematical models described in this chapter, but instead of solving the differential equations directly, the equations are transformed into dynamic software simulation models by high-level programming tools.

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集中营

Path Dependence,e case of competition, churning generated by positive feedback may take place. Churning means that users are leaving some competitors and joining one or more of the other competitors. Sometimes this leads to a winner-takes-all market where one of the competitors has become a de facto monopoly.

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Digital Markets, users. Information service markets consist of the myriad of services offered by content providers and application service providers. The services may be categorized as over-the-top services, search goods, experience goods, and prosumer market services.

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The Digital Economy,lustrating the extent and versatility of this branch of economic theory. The existence of the digital economy depends entirely on the evolution of the information and communication technology (ICT) and has created some of the largest companies in the world. This technological evolution started in th

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Information and Communication Technologies,tems, and services were implemented. This evolution would not have been possible without the invention of the transistor and the following evolution of microelectronics. A key invention includes the World Wide Web, which popularized the Internet. Another key invention is the smartphone, which fueled