Chapter 6 Economics of information and cultural goods
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Information and cultural goods have received attention for their relevance in academic and policy debates. Their characteristics give directions for media economics theorizing and for developing adequate methods to its empirical foundation. While some of the discourses on their properties have lasted for decades, also new issues have emerged. They are mainly driven by digital transformation and the generally increasing importance of information as a production factor. User generation has added new facets to the modes of production and “platforms” or “ecosystems” became a new type of economic entity. Most fundamentally, artificial intelligence (AI) challenges the role of human creativity as resource.

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