Abstract
This paper considers the economics of digitalisation, defined as the digital coding of information and the growing productivity gains in processing and transmission it enables. It examines the effects of this process on existing models of the firm, industry structure and innovation. The diffusion and adoption of digital innovations are then illustrated by the example of the automobile industry. This sector offers instructive insights since it played a crucial role in the history of industrial innovation and competitive business models.
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Disclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.