September 30, 2019

Digitization

Digital Economics

If you want to get a description of what digital economics represents, this article in JEL is the one you have to read.
Digital economics explores how standard economic models change as certain costs fall substantially and perhaps approach zero. We emphasize how this shift in costs can be divided into five types:
(i) Lower search costs
(ii) Lower replication costs
(iii) Lower transportation costs
(iv) Lower tracking costs
(v) Lower verification costs 
Its impact in healthcare is starting right now. Platforms that allow communication between physicians and patients leverage such digital environments. However, all these platforms have admitted that personal contact can't be avoided. Right now, digital represents a small part. Everything will not be digital, at least in healthcare.


Boudin at Mapfre Foundation in Barcelona