Electronic markets and electronic hierarchies

ABSTRACT

By reducing the costs of coordination, information technology will lead to an overall shift toward proportionately more use of markets—rather than hierarchies—to coordinate economic activity.

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INDEX TERMS

Primary Classification:
  H. Information Systems
  H.5 INFORMATION INTERFACES AND PRESENTATION (I.7)

Additional Classification:
  H. Information Systems
  H.1 MODELS AND PRINCIPLES

  K. Computing Milieux
  K.1 THE COMPUTER INDUSTRY
      Subjects: Markets

General Terms:
Design, Human Factors, Theory