The ICT revolution in consumer product markets

Bibliographic Data

ID2165771
AuthorsAssar Lindbeck (a Institute for International Economic Studies , Stockholm University , 106 91, Stockholm, Sweden, corresponding author), Solveig Wikstrom (Stockholm University)
Year2000
Volume4
Issue1
Pages77-99
Publication date2000-01-01
Open AccessNo
TypeARTICLE
VenueConsumption Markets & Culture (JOURNAL)
Journal identifiersISSN: 1025-3866 • E-ISSN: 1477-223X
PublisherInforma UK Limited (PUBLISHER • GB)
DOI10.1080/10253866.2000.9670350
OpenAlexW3021012983
LanguageEN
References cited10

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 product‐delivery infrastructure in connection with Internet trade. Notes * Institute for International Economic Studies, Stockholm University, 106 91 Stockholm, Sweden and IUI Stockholm. ** School of Business, Stockholm University, 106 91 Stockholm, Sweden

Business · Commerce · Competition (biology · Economics · Industrial organization · Information and Communications Technology · Information technology · Market economy · Political science · Product (mathematics · Product differentiation · Quality (philosophy · The Internet · Vulnerability (computing · Consumer Market Behavior and Pricing · Economics of Agriculture and Food Markets · Merger and Competition Analysis · Marketing

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