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Palgrave Advances in the Economics of Innovation and Technology

How Digital Communication Technology Shapes Markets

Redefining Competition, Building Cooperation

Authors: Bhatt, Swati

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  • Argues that our basic understanding of markets must evolve in the face of new technology
  • Describes how "competition," in a network economy, deviates from its traditional definition
  • Explores how big data collection impacts human interaction
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eBook $54.99
price for USA (gross)
  • ISBN 978-3-319-47250-8
  • Digitally watermarked, DRM-free
  • Included format: EPUB, PDF
  • ebooks can be used on all reading devices
  • Immediate eBook download after purchase
Hardcover $69.99
price for USA
  • ISBN 978-3-319-47249-2
  • Free shipping for individuals worldwide
  • Usually dispatched within 3 to 5 business days.
Softcover $69.99
price for USA
  • ISBN 978-3-319-83690-4
  • Free shipping for individuals worldwide
  • Usually dispatched within 3 to 5 business days.
About this book

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.

About the authors

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.

Table of contents (9 chapters)

Table of contents (9 chapters)
  • The Technology: Has the Digital Communication Technology Changed the Way Markets Function? Cooperation or Competition?

    Bhatt, Swati

    Pages 1-16

  • The Three Drivers: Connectivity, Data and Attention

    Bhatt, Swati

    Pages 17-27

  • The Three Trends: Granularity, Behemoths and Cooperation

    Bhatt, Swati

    Pages 29-55

  • The Independent Contractor and Entrepreneurship in Labor Markets

    Bhatt, Swati

    Pages 57-69

  • The On-Demand Economy and How We Live: Communication, Information, Media and Entertainment

    Bhatt, Swati

    Pages 71-104

Buy this book

eBook $54.99
price for USA (gross)
  • ISBN 978-3-319-47250-8
  • Digitally watermarked, DRM-free
  • Included format: EPUB, PDF
  • ebooks can be used on all reading devices
  • Immediate eBook download after purchase
Hardcover $69.99
price for USA
  • ISBN 978-3-319-47249-2
  • Free shipping for individuals worldwide
  • Usually dispatched within 3 to 5 business days.
Softcover $69.99
price for USA
  • ISBN 978-3-319-83690-4
  • Free shipping for individuals worldwide
  • Usually dispatched within 3 to 5 business days.
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Bibliographic Information

Bibliographic Information
Book Title
How Digital Communication Technology Shapes Markets
Book Subtitle
Redefining Competition, Building Cooperation
Authors
Series Title
Palgrave Advances in the Economics of Innovation and Technology
Copyright
2017
Publisher
Palgrave Macmillan
Copyright Holder
The Editor(s) (if applicable) and The Author(s)
eBook ISBN
978-3-319-47250-8
DOI
10.1007/978-3-319-47250-8
Hardcover ISBN
978-3-319-47249-2
Softcover ISBN
978-3-319-83690-4
Edition Number
1
Number of Pages
XV, 151
Number of Illustrations
10 b/w illustrations
Topics