How Digital Communication Technology Shapes Markets: Redefining Competition, Building Cooperation (Palgrave Advances in the Economics of Innovation and Technology) - Hardcover

Bhatt, Swati

Hardcover

ISBN 10: 3319472496 ISBN 13: 9783319472492

Publisher: Palgrave Macmillan, 2016

Synopsis

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 servicesthey 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.

About this title

About the Author

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.

From the Back Cover

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 theyprovide 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.

Edition details

• Publisher: Palgrave Macmillan
• Publication date: 2016
• Language: English
• ISBN 10: 3319472496
• ISBN 13: 9783319472492
• Binding: Hardcover
• Edition number: 1
• Number of pages: 166