The rapid adoption of the Internet between 1995 and 2000, primarily through web and email services, sparked optimistic predictions about the transformative potential of information and communication technologies (ICTs) on market operations and social interactions. Early expectations were that traditional commerce and community models would seamlessly transition to the digital realm, enhancing market efficiency and social connectivity. However, the dotcom crash exposed the complexities of such a transition, underscoring the unique dynamics of online markets and the formation of virtual communities. Rather than simply extending the physical world into cyberspace, the Internet has fostered a distinct online economy and new forms of community engagement, challenging preconceived notions about digital collaboration and commerce.
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Gensollen, Michel. "Information goods and online communities." Internet and Digital Economics Principles Methods and Applications (2007): 173-200.
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