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Author:Grover, V.
Ramanlal, P.
Title:Six myths of information and markets: information technology networks, electronic commerce, and the battle for consumer surplus
Journal:MIS Quarterly
1999 : DEC, VOL. 23:4, p. 465-496
Index terms:INFORMATION
MARKETS
CONSUMERS
Language:eng
Abstract:The infusion of powerful information networks into business environments is beginning to have a profound impact on the nature of governance between buyers and sellers in the marketplace. Most articles in this area emphasize the benefits to the consumer side of the equation due to reduced coordination, search and transactional costs. This article presents a broader view of information and markets by elucidating innovative ways that sellers can survive in intensely competitive markets.
SCIMA record nr: 213612
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