The Economics of Information Technology is a concise and accessible review of some of the important economic factors affecting information technology industries. These industries are characterized by high fixed costs and low marginal costs of production, large switching costs for users, and strong network effects. These factors combine to produce some unique behavior. The book consists of two parts. In the first part, Professor Varian outlines the basic economics of these industries. In the second part, Professors Farrell and Shapiro describe the impact of these factors on competition policy. The clarity of the analysis and exposition makes this an ideal introduction for undergraduate and graduate students in economics, business strategy, law and related areas.

The globalized world has experienced significant improvements in production and consumption in a heterogeneous way since the industrial revolution. However, the considerable environmental degradation and energy wars resulting from the limited fossil energy sources brought the issue of sustainable development to the world agenda. Sustainable development has become one of the most discussed issues at country and international levels and requires further investigation to fully understand how we can move towards a more sustainable future. Technological Development and Impact on Economic and Environmental Sustainability explores the determinants of economic, social, and environmental sustainability from a multidisciplinary perspective in the globalized world, analyzes the impacts of applied sustainable policies, and considers the improvements in the Sustainable Development Goals. Covering topics such as economic growth and climate change, this reference work is ideal for researchers, academicians, scholars, practitioners, industry professionals, instructors, and students.

Silicon chip technology; microprocessor technology; information technology; or quite simply new technology. These are some of the names representing the microelectronics revolution depending upon the audience being addressed by speaker or writer. No previous new industrial development has caused such widespread publicity and discussion amongst users and researchers as the new technology. Concern is being expressed about the effects of new technology on employment, job satisfaction, social life, leisure activities and the economics of commerce and industry. The late 70s saw many doom-laden predictions of those effects but by 1983 both management and trade unions were taking a more objective view of the social and economic impacts, and many correspondents now see the new technology as a means of opening up new industries and overcoming the effects of world recessions. The "chip" has involved the factory floor, the office, the supermarket and the home. Electronic funds transfer, electronic shopping, microelectronic domestic appliances, word processors and microprocessor-controlled machinery mean that the new technology has pervaded all aspects of social and economic life, and the developed countries are now coming to accept it as part of society as a whole. Inevitably the flood of literature on the social and economic impacts of new technology has been overwhelming. Unfortunately the quality of information and arguments propagated at conferences, in journal papers and research reports has indicated that there has been little quantifiable evidence available on the effects of these impacts.

These papers by Teece cover the theory of the firm and its implications for economic performance, as they concern managers and policy-makers. Key topics addressed include: the nature of the firm and dynamic capabilities; diversification and vertical integration; and joint ventures.