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Internet and Digital Economics by Eric Brousseau

Internet & Digital Economics by Eric Brousseau

How are our societies being transformed by internet and digital economics? This book provides an accessible introduction to the economics of the internet and a comprehensive account of the mechanisms of the digital economy. Leading scholars examine the original economic and business models being developed as a result of the internet system, and explore their impact on our economies and societies. Key issues are analysed, including the development of open source software and on-line communities, peer-to-peer and online sharing of cultural goods, electronic markets and the rise of new information intermediaries, e-retailing and e-banking. The volume examines how internet and digital economics have transformed the organization of firms, industries, markets, commerce, modes of distribution, money, finance, and innovation processes, and provides the analytical tools to understand both these recent transformations and the likely future directions of the ‘New Economy’.

What is forex?

Quite simply, it’s the global market that allows one to trade two currencies against each other.

If you think one currency will be stronger versus the other, and you end up correct, then you can make a profit.

If you’ve ever traveled to another country, you usually had to find a currency exchange booth at the airport, and then exchange the money you have in your wallet into the currency of the country you are visiting.

Foreign Exchange
You go up to the counter and notice a screen displaying different exchange rates for different currencies.

An exchange rate is the relative price of two currencies from two different countries.

You find “Japanese yen” and think to yourself, “WOW! My one dollar is worth 100 yen?! And I have ten dollars! I’m going to be rich!!!”
When you do this, you’ve essentially participated in the forex market!

You’ve exchanged one currency for another.

Or in forex trading terms, assuming you’re an American visiting Japan, you’ve sold dollars and bought yen.

Currency Exchange

Before you fly back home, you stop by the currency exchange booth to exchange the yen that you miraculously have left over (Tokyo is expensive!) and notice the exchange rates have changed.

It’s these changes in the exchange rates that allow you to make money in the foreign exchange market.

Salepage : Internet and Digital Economics by Eric Brousseau

About Author

Eric Brousseau

Eric Brousseau is Professor of Economics and Management at the University Paris-Dauphine; a founding member of PSL Research University. He is a member of Dauphine Research in Management (DRM), a Joint Research Center between Dauphine and the CNRS. He is the Scientific Director of the Chair “Governance and Regulation” and of the “Club des Régulateurs” chairgovreg.fondation-dauphine.fr. He is also involved with the European University Institute in Florence.

His research focuses on economic governance and market regulation. He is interested in how the strategies of actors influence the organization and evolution of institutions shaping economic activities; hence detailed researches on how regulatory frameworks emerge, evolve and perform in various contemporary or historical, national or transnational contexts; as well as on the interactions between self- and public regulations. He has published nearly a hundred scientific papers and has edited about fifteen books and symposia. He has been involved in researches funded by the French Government, the European Commission, the US National Science Foundation, the UN, and the OECD.

He is the founder and the director of the Institutional & Organizational Economics Academy (IOEA; ex-ESNIE), and is a Past-President of the Society for Institutional & Organizational Economics (SIOE; ex-ISNIE). He is also an honorary member of the Institut Universitaire de France.