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Social and Behavioral Sciences Commons™
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Articles 1 - 3 of 3
Full-Text Articles in Social and Behavioral Sciences
Pricing In The New Economy: Lessons From The Period Of The E-Commerce Bubble, Phillip J. Bryson
Pricing In The New Economy: Lessons From The Period Of The E-Commerce Bubble, Phillip J. Bryson
Faculty Publications
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.
The New Economy Is Dead, Long Live The Information Economy, Phillip J. Bryson
The New Economy Is Dead, Long Live The Information Economy, Phillip J. Bryson
Faculty Publications
The arrival of the 2001-2003 recession caused many to suppose that the so-called "New Economy" was now defunct. This article addresses a number of related issues, including the question of the durability and viability of business cycles in the face of the technological developments of the information age. It asks what went wrong with the New Economy and examines its characteristics as well as its remaining possibilities and prospects for the future. Finally, it considers the spread of the Information Economy to Europe, especially to Germany, the country that one might expect to be the leading European player, but which …
Economy And 'New Economy' In The United States And Germany, Phillip J. Bryson
Economy And 'New Economy' In The United States And Germany, Phillip J. Bryson
Faculty Publications
The expression "New Economy" is used inconsistently. This Article review the driving forces of the US boom of the 1990s, examining the changes introduced in the period and before, focusing on the IT sector and new technologies. The "New Economy" is not just the new sectors, but changes in the overall economy emanating from them. These changes will not evaporate in an economic slowdown. Comparisons of the USA with Germany and Europe illustrate that the "New Economy" will also continue to develop there on the foundations already laid.