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- Lindbeck, Assar, et al.
(författare)
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ICT and Household-Firm Relations
- 1999
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Rapport (övrigt vetenskapligt/konstnärligt)abstract
- 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 firms, at least in a long-term perspective with free entry firms. Households will also get more powerful channels to influence firms directly, i.e., beside the indirect influence via market transactions. We point out that this will result in various counter-reactions by firms, including increased differentiation of products and prices. Finally, we briefly consider various limitations and obstacles to electronic commerce in a long-term perspective.
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| 3. |
- Lindbeck, Assar, et al.
(författare)
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The ICT Revolution in Consumer Product Markets
- 1999
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Rapport (övrigt vetenskapligt/konstnärligt)abstract
- New information and communication technology (ICT) makes consumers better iformed about available products, prodct quality and prices, which mitigates problems of asymmetric information. The entry of firms is fascilitated, 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 vulnerabillity, quality problems in the information on the Internet, cognitive limitatoins of individuals and weaknesses in the product delivery infrastructure in connection with Internet trade.
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