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How Digital Communication Technology Shapes Markets: Redefining Competition, Building Cooperation
Swati Bhatt
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Description for How Digital Communication Technology Shapes Markets: Redefining Competition, Building Cooperation
hardcover. Series: Palgrave Advances in the Economics of Innovation and Technology. Num Pages: 151 pages, 10 black & white illustrations, biography. BIC Classification: GTC; JFD; KCLT; KNT. Category: (P) Professional & Vocational. Dimension: 210 x 148 x 15. Weight in Grams: 349.
This Palgrave Pivot explores how communication technology such as the Internet has changed the nature of trade, focusing especially on economy-wide reductions in company size (granularity) and the role of retailers (disintermediation). By increasing access to comparative data, influencing conceptions of time, and reducing the number of intermediaries between creator and consumer, technological connectivity is changing the very definition of competition. In the new network economy, disintermediation and granularity are turning cooperative information gathering and sharing into a vital market institution.
To exemplify the effects of communication technology, Bhatt focuses on two markets with particularly powerful effects on the economy: ... Read more
This Palgrave Pivot explores how communication technology such as the Internet has changed the nature of trade, focusing especially on economy-wide reductions in company size (granularity) and the role of retailers (disintermediation). By increasing access to comparative data, influencing conceptions of time, and reducing the number of intermediaries between creator and consumer, technological connectivity is changing the very definition of competition. In the new network economy, disintermediation and granularity are turning cooperative information gathering and sharing into a vital market institution.
To exemplify the effects of communication technology, Bhatt focuses on two markets with particularly powerful effects on the economy: ... Read more
Product Details
Format
Hardback
Publication date
2016
Publisher
Palgrave Macmillan Switzerland
Number of pages
151
Condition
New
Series
Palgrave Advances in the Economics of Innovation and Technology
Number of Pages
151
Place of Publication
Cham, Switzerland
ISBN
9783319472492
SKU
V9783319472492
Shipping Time
Usually ships in 15 to 20 working days
Ref
99-15
About Swati Bhatt
Swati Bhatt is Lecturer in Economics at Princeton University, USA. Her research interests include the economics of digitization and industrial organization in the technology industry.
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