Revolutionary Effects of New Information Technologies  

Oleh:

Berg, Gerard J. van den

Jenis: Article from Journal - ilmiah internasional
Dalam koleksi: The Economic Journal (EBSCO) vol. 116 no. 509 (2006), page F10-F28.
Topik: market; revolutionary effects; information technologies; production technology; market dynamics
Fulltext: F10.pdf (183.9KB)

Ketersediaan

Perpustakaan Pusat (Semanggi) Nomor Panggil: EE28.21 Non-tandon: 1 (dapat dipinjam: 0) Tandon: tidak ada

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Isi artikel

In markets with imperfect information and heterogeneity, the information technology affects the rate at which agents meet, which affects the distribution of production technologies across firms. Multiple equilibria may arise because the reservation utility and the lowest production technology in use affect each other. The adoption of novel information technologies may then entail a revolution in the sense of a move from an inefficient to an efficient equilibrium. Inefficient production technologies are swiftly removed even in sectors where the new information technology has only recently been introduced. The results apply to consumer products, labour, intermediates and institutions.

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