How digital communication technology shapes markets : redefining competition, building cooperation
Author(s)
Bibliographic Information
How digital communication technology shapes markets : redefining competition, building cooperation
（Palgrave advances in the economics of innovation and technology / series editor, Albert N. Link）（Palgrave pivot）
Palgrave Macmillan, c2017
- : [hardcover]
Available at 1 libraries
Description and Table of Contents
Description
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: labor and education, and CIME (communication, information services, media, and entertainment). Mobile connectivity is radically changing the extent, capabilities, and operations of these markets, both in terms of the services they provide and how they interact with consumers. Bhatt also explores how these benefits intersect with new concerns about privacy and security when the line between public and private information is becoming ever more fluid.
Table of Contents
1. The Technology: Has Digital Communication Technology Changed the Way Markets Function? Competition or Cooperation?2. The Drivers: Connectivity, Data, and Attention3. The Trends: Granularity, Behemoths, and Cooperation4. The Independent Contractor and Entrepreneurship in Labor Markets 5. The On-Demand Economy and How We Live: Communication, Information, Media, and Entertainment6. The Sharing Economy: Information Cascades, Network Effects, and Power Laws7. The Private World of Sharing and Cooperation: Lines not Walls8. The Internet and Regulation: Freedom Necessitates Oversight9. The Conclusion: We Cooperate to Better Comprehend
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