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Pricing in the New Economy: Lessons from the Period of the E-Commerce Bubble

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Permanent URL	http://hdl.lib.byu.edu/1877/2814
Title	Pricing in the New Economy: Lessons from the Period of the E-Commerce Bubble
BYU Creator	Bryson, Phillip J.
Keywords	new economy; information economy; pricing strategy; transactions costs; imperfect competition; revenue maximization
Description/Abstract	The New Economy increased U.S. productivity sharply after 1995. The latest economics literature on the topic, which generally forecasts a secure future for the information economy, is reviewed. The down side of the New Economy were the strategies, especially the pricing strategies of NASDAQ and virtual firms. The critique of Michael Porter regarding the non-strategic price cutting common to those firms is reviewed. Traditional models by Sweezy and Baumol, which focus on pricing in imperfectly competitive industries, are applied to provide a cogent theory as to why those firms made mistakes that were once viewed as common for neophyte industries.
Source	Pricing in the New Economy: Lessons from the Period of the E-Commerce Bubble" International Journal of Business, Volume 10, No. 1, 2005, pp. 1-14.
Publisher	Premier Publishing
Date Original	1/1/2005
Date Digital	1/20/2011
Language	English eng en
Publication Type	Articles
Type	Text
Format	application/pdf
Owning Institution	Brigham Young University
BYU College	College of Family, Home and Social Sciences
BYU Department	Economics
Copyright Status	(c) by SMC Premier Holdings, Inc.
Copyright Use Information	http://www.lib.byu.edu/generic_copyright.html

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