In a new study, the BCG e-Friction Index ranks 65 economies according to four types of e-friction -- infrastructure-related friction that limits basic access; industry and individual friction, both which affect the ability of companies and consumers to engage in online transactions; and information friction, which involves the availability of, and access to, online content.
Reducing Friction in the Internet Economy', shows that high e-friction economies are in danger of missing out on a high-impact propellant of growth and job creation.
in the Internet Economy", serves as a follow-up to BCG's previous report "The Connected World: Greasing the Wheels of the Internet Economy".
in the Internet Economy", serves as a follow-up to BCG's previous report, "The Connected World: Greasing the Wheels of the Internet Economy".
SMEs encounter a range of frictions
that slow or prevent them from fully exploiting the Internet's potential.
To take up the challenge presented by this crossroad of financial economics, my research project seeks to contribute to the knowledge of financial frictions
and what to do about them.
Households, in maximizing their welfare, and firms, in maximizing their profits, face various frictions
in pursuing their goals, such as costs associated with adjusting the rate of household purchases of durable goods or the rate of business investment in capital equipment.
With those jobs, however, come new frictions
over the question of ownership and management.
And yet the economy faces a new reality that is hurting productivity and affecting the bottom line of many companies, reports FORTUNE's Anna Bernasek in "The Friction
They are infrastructure-related frictions
that limit basic access; industry and individual frictions
that affect the ability of companies and consumers to engage in online transactions; and information frictions
that involve availability of, and access to, online content.
Global Markets for Friction
Products and Materials http://www.
The current de facto standard engineering equation for elastomeric friction
calculations--formulated for practical application to sliding tires in 1966--incorporates three dynamic rubber friction
forces: (1) adhesion; (2) a hysteretic force arising from bulk deformation of rubber in contact with a macroscopically rough surface; and (3) physical wear of the rubber, or cohesion loss.