THE ICT REVOLUTION IN CONSUMER PRODUCT MARKETS by Assar Lindbeck and Solveig Wikström INSTITUTE FOR INTERNATIONAL ECONOMIC STUDIES Stockholm University
نویسندگان
چکیده
New information and communication technology (ICT) makes consumers better informed about available products, product quality and prices, which mitigates problems of asymmetric information. The entry of firms is facilitated, competition and economic efficiency is boosted and the market powers of households increased. Firms are likely to respond by increased product and price differentiation. There will also be considerable changes in the division of tasks between firms and households. But important obstacles to these developments are technological vulnerability, quality problems in the information on the Internet, cognitive limitations of individuals and weaknesses in the productdelivery infrastructure in connection with Internet trade. JEL D13, D40, D8, L1
منابع مشابه
Seminar Paper No . 677 ICT AND HOUSEHOLD - FIRM RELATIONS by Assar Lindbeck and Solveig Wikström INSTITUTE FOR INTERNATIONAL ECONOMIC STUDIES
This paper discusses how ICT and emerging electronic commerce in consumer products influence the relative efficiency in production of households and firms, resulting in changes in the division of tasks between these two types of agents. Increased information and competence of households, in combination with stiffer competition among firms, will also increase the power of households relative to ...
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