search query: @indexterm COMPUTERS / total: 1087
reference: 14 / 1087
| Author: | Berg, G.J. van den |
| Title: | Revolutionary effects of new information technologies |
| Journal: | Economic Journal
2006 : FEB, VOL. 116:509, p. F10-F28 |
| Index terms: | information technology computers networks models |
| Language: | eng |
| Abstract: | In markets with imperfect information and heterogeneity, the information technology (IT) affects the rate at which agents meet, which affects the distribution of production technologies (here as: prod-techs.) across firms. The adoption of novel IT may entail a revolution as to moving from an inefficient to an efficient equilibrium. Inefficient prod-techs. are swiftly removed even in sectors where the new IT has only recently been introduced. The results apply to consumer products, labour, intermediates etc. |
SCIMA