Information Rules: A Strategic Guide to the Network Economy

Front Cover
Harvard Business School Press, 1999 - Business & Economics - 352 pages
15 Reviews
Information Goods -- from movies and music to software code and stock quotes - have supplanted industrial goods as the key drivers of world markets. Confronted by this New Economy, many instinctively react by searching for a corresponding New Economics to guide their business decisions. Executives charged with rolling out cutting-edge software products or on-line versions of their magazines are tempted to abandon the classic lessons of economics, and rely instead on an ever changing roster of trends, buzzwords, and analogies that promise to guide strategy in the information age. Not so fast, say authors Carl Shapiro and Hal R. Varian. In "Information Rules" they warn managers, "Ignore basic economic principles at your own risk. Technology changes. Economic laws do not." Understanding these laws and their relevance to information goods is critical when fashioning today's successful competitive strategies. Information Rules introduces and explains the economic concepts needed to navigate the evolving network economy. "Information Rules" will help business leaders and policy makers - from executives in the entertainment, publishing, hardware, and software industries to lawyers, finance professionals, and writers -- make intelligent decisions about their information assets.

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Review: Information Rules: A Strategic Guide to the Network Economy

User Review  - Lucas - Goodreads

They key takeaway for me is the concept of lock in and how to manage the issue. Few other economics texts I've read so far have articulated the issues and strategies as lucidly as this text. Read full review

Review: Information Rules: A Strategic Guide to the Network Economy

User Review  - Xiaofei Guo - Goodreads

Technology changes frequently, economic laws does not. The authors express their view on information economy from information, technology, and policy aspects. Information has a unique cost structure ... Read full review

About the author (1999)

Carl Shapiro is the Transamerica Professor of Business Strategy, Haas School of Business and Department of Economics, UC Berkeley. From 1995 to 1996, he served as Deputy Assistant Attorney General of Economics, Antitrust Division, U.S. Department of Justice.

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