The Economics of Internet Markets

  title={The Economics of Internet Markets},
  author={Jonathan Levin},
  journal={Kauffman: Large Research Projects (Topic)},
  • Jonathan Levin
  • Published 1 March 2011
  • Business
  • Kauffman: Large Research Projects (Topic)
Introduction The last 15 years has seen the striking emergence of new Internet platforms for search, e-commerce, online media, job matching, social networking, and other activities. The growth of these platforms has been dramatic. Amazon, which opened in 1995, has annual revenue of more than 40 billion dollars. Google, which started in 1998, processes more than 1 billion search queries every day. Facebook, founded in 2004, has attracted more than 800 million users. Groupon exceeded 1 billion… 
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