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Internet and the Offline World

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Abstract

This article emphasises that a key to understanding the (net) benefits of the Internet is to remember that all online activity has an offline context. People live their lives offline. Therefore, the fall in communication costs and the fall in distribution costs associated with the diffusion of the Internet had a heterogeneous impact across locations.

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Goldfarb, A. (2018). Internet and the Offline World. In: The New Palgrave Dictionary of Economics. Palgrave Macmillan, London. https://doi.org/10.1057/978-1-349-95189-5_2931

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