Electronic markets and electronic hierarchies

  • Authors:
  • Thomas W. Malone;Joanne Yates;Robert I. Benjamin

  • Affiliations:
  • Sloan School of Management, Massachusetts Institute of Technology, Cambridge, MA;Sloan School of Management, Massachusetts Institute of Technology, Cambridge, MA;Sloan School of Management, Massachusetts Institute of Technology, Cambridge, MA and Xerox Corporation, Xerox Square-052., Rochester, NY

  • Venue:
  • Communications of the ACM
  • Year:
  • 1987

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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.